The board of directors of China Qidian Guofeng Holdings Limited announced that Mr. Gu Changchao has been appointed as a non-executive Director of the Company with effect from 21 January 2024. The biographical details of Mr. Gu are set out as follows: Mr. Gu, aged 49, is currently the secretary-general of Global Leadership Program at Tsinghua University. Mr. Gu has over 15 years of teaching, consulting, and management experience in the fields of operations and global supply chain management, strategic innovation and business transformation, green development, and international cooperation.

He has been appointed as a distinguished expert in leadership and operations management at the New York Finance Institute since July 2022. He served as a system engineer at Motorola Solutions (China) Co. Ltd. from 1996 to 1998 and the marketing director of Dell Computer (China) Co.

Ltd. from 1998 to 2001. From 2005 to 2006, he served as the director of strategic alliance at Amazon China. Mr. Gu has also served as vice dean of HR Committee at China?s Academy of Management since October 2010.

From September 2014 to August 2015, Mr. Gu served as a Senior Visiting Scholar at the Kennedy School of Government, Harvard University. He is also a board member of the Tsinghua University Alumni Association in Germany. Mr. Gu obtained an MBA degree in operations management from Tsinghua University School of Economics and Management in July 2004.

The Board resolved on 21 January 2024 to remove Ms. Xu Honghong as the non-executive Director of the Company.