Moatable, Inc. announced that Mr. Lin Cong resigned from the Company's Board of Directors, effective on October 23, 2023. Mr. Cong resigned for personal reasons and not due to any disagreement with the Company on any matter elating to the Company's operations, policies or practices. The Company's Board of Directors has approved the appointments of Ms. Rebecca Polak to replace Mr. Lin Cong as director effective on October 26, 2023.

Ms. Rebecca Polak has provided strategic leadership and vision for technology start-up companies, focusing on improving go-to-market strategies, customer support, and product offerings. She oversaw the corporate sales team at CarLotz, leading to a substantial increase in consigned cars by corporate consignors year-over-year. Furthermore, Ms. Polak has played an instrumental role in public company boards, serving as the Compensation Committee Chair of RumbleOn and for AAA Hoosier Motor Club.

Ms. Polak's leadership will be instrumental as she joins the Company's Board of Directors, taking on the role of chair of the Compensation Committee and serving as a member of the Audit Committee and the Corporate Governance and Nominating Committee.