The Board announced that with effect from 18 July 2022 Mr. Cai Hongping has resigned as an independent non-executive Director, the chairman of the Audit Committee and a member of the Remuneration and Nomination Committee; and Ms. Wang Jiafen has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of the Remuneration and Nomination Committee. The Board announced that Ms. Wang Jiafen has been appointed as an independent non-executive Director, the chairman of Audit Committee and a member of the Remuneration and Nomination Committee with effect from 18 July 2022. Pursuant to the Company's articles of association (the ``AOA''), Ms. Wang will hold office as an independent non-executive Director until the next first annual general meeting of the Company and shall then be eligible for re-election at such general meeting.
Ms. Wang, aged 49, has been serving the Solvay (China) Co. Ltd. since March 2011 and currently serves as the global financial controller of the domestic and personal consumer market and anime market, as well as the head of regional financial controller (Asia-Pacific). Ms. Wang served in Arthur Anderson from August 1995 to December 1998 with her final position as audit senior, served as financial journalist in Singapore Press Holdings Limited from July 2000 to November 2001, successively served in Akzo Nobel Polymer Chemicals LLC as the financial controller (Asia-Pacific) and accounting manager (Asia-Pacific) from August 2002 to August 2005, served in ITT (China) Investment Co. Ltd. as the compliance manager (Asia-Pacific) from August 2005 to June 2006, and served in Unisys (Shanghai) Information Technology Company Limited as the senior manager (Asia-Pacific) from August 2006 to December 2010. She has been a member of audit committee of Shanghai American School from August 2015 to June 2022. Ms. Wang obtained a bachelor's degree in economics from Shanghai University of Finance and Economics in June 1995, a post-graduate diploma in business administration from National University of Singapore in July 2000 and an EMBA (Executive Master of Business Administration) degree from Kellogg School of Management at Northwestern University and The Hong Kong University of Science and Technology in June 2016. Ms. Wang is a member of the Chinese Institute of Certified Public Accountants (CICPA), the Global Management Accountant (CGMA) and the Certified Institute of Management Accountants in the United Kingdom (CIMA), a certified internal auditor, and a holder of certification in internal control self-assessment.