The board of directors of Yadong Group Holdings Limited announced that Qiu Jianyu has tendered his resignation as an executive Director and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from April 26, 2022 due to his other career development. Following the resignation of Qiu, the Board also announced that, with effect from April 26, 2022, Xiang Wenbin has been appointed as an executive Director. Since 2018, Xiang has also been a director of Chengdu Tengyun Yixiang Technology Co.

Ltd. Besides, he is currently a director of Tencent Cloud (Chongqing) Intelligent Technology Co. Ltd. The Board further announced that Xue Shidong, an executive Director, has been appointed as an Authorised Representative in replacement of Qiu with effect from April 26, 2022.