Ta Yang Group Holdings Limited announced that with effect from 1 November 2022 and due to his other personal and business commitments which requires more of his attention and dedication, Mr. He Dingding has resigned as the chief executive officer of the Company Mr. He has confirmed that he had no disagreement with the Board, the board committees and/or the Company and there was no other matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited . The Board further announced that with effect from 1 November 2022, Mr. Li Jiuhua has been appointed as the Chief Executive Officer Mr. Li, aged 59, graduated from the Xiamen University in the PRC with a bachelor degree in Finance in 2003, and obtained a master degree in Business Administrative from the Jiangxi University of Finance and Economics in the PRC in 2011. He has over 35 years of experience in the securities and finance industries.

He was (i) the deputy chief executive officer of China Huarong International Holdings Limited, a subsidiary of China Huarong Asset Management Co. Ltd. from March 2017 to August 2017; (ii) an executive director of Zhong Ji Longevity Science Group Limited from September 2017 to January 2020, and also the chief executive officer of Zhong Ji from October 2017 to January 2020; (iii) the chairman of Zhong Bang International Holdings Limited and the assistant to general manager for Jiangxi Ganjiang Traditional Chinese Medicine Branch Chuangcheng Construction Investment Group Co. Ltd.from February 2020 to November 2021; and (iv) the executive director and chief executive officer of Zhong Ji from December 2021 to April 2022.