The board of directors of Xinda Investment Holdings Limited announced that Mr. Feng Zhidong (Mr. Feng) has been appointed as an Independent Non-executive Director of the Company with effect from 7 October 2022. Mr. Feng, aged 49, obtained a Bachelor's Degree in International Accounting from the Renmin University of China in the PRC in July 1995 and a Master's Degree in Business Administration from the South China University of Technology in the PRC in February 2004. Mr. Feng has also completed a Mergers and Acquisitions Executive Program from the Business School of Sun Yat-sen University in the PRC in March 2015 and a Global Entrepreneur Leadership Program from the PBC School of Finance at the Tsinghua University in the PRC in July 2019.

In addition, Mr. Feng has obtained a Certificate of Specialty and Technology (Intermediate Level) in Accounting in the PRC granted by the Ministry of Finance of the PRC in May 1999. Mr. Feng has more than 22 years of experience in financial management, capital operations and managing investor relations. Since June 2016, Mr. Feng is the chairman of the board and a director of Guangzhou Yueting Network Technology Co.

Ltd. Moreover, since August 2018, he is the chairman of the board and a director of Guangzhou Yueting Capital Management Co. Ltd. Mr. Feng was a deputy general manager of the Capital Department of Yue Xiu Enterprises (Holdings) Limited from December 2009 to July 2016. He was also a general manager of the Investor Relations Department of a group company of Yuexiu Property Company Limited from April 2012 to April 2016.

Mr. Feng was an independent non-executive director of OKG Technology Holdings Limited from August 2015 to November 2017. He was appointed as anindependent non-executive director of Xingye Wulian Service Group Co. Ltd. since 17 September 2019 and an independent non-executive director of K. H. Group Holdings Limited since 1 June 2022.

The Board also announced that subsequent to the appointment of Mr. Feng, Mr. Feng has been appointed as a member of each of the Audit Committee and the Nomination Committee of the Company with effect from 7 October 2022.