On April 7, 2023, Zhenchao Li, Chief Financial Officer of Bon Natural Life Limited notified the company of his intent to retire from his position as Chief Financial Officer, effective April 17, 2023. Effective April 17, 2023, Wallace Lee was appointed as the new Chief Financial Officer of the Company to assume the responsibilities held by Mr. Li. Prior to joining the Company, Mr. Lee served as the Vice President of Finance at Ruanyum Edi Technology Inc. (since February 2022).

Mr. Lee has served in a variety of key leadership roles with companies including China SXT Pharmaceuticals Inc. (February 2021 - January 2022 as Chief Financial Officer), Wanda Sports Group Holding Limited (January 2019 - April 2020 as Finance Securities & Operation Director) and Secoo Holding Limited (May 2017- December 2019 as Finance Reporting Director), Beijing Yongtuo CPA Limited (2012-2017 as Audit Principal of the International Business Department). He received his undergraduate from University of Houston and is a Certified Public Accountant in the state of Texas.