Zhaochi Co., Ltd. announced that the board of directors of the company received a written resignation report from director Li Xinwei. Li Xinwei applied to resign as a director of the company due to personal retirement. After leaving office, he no longer held any position in the company. Their resignation will not cause the number of board members to fall below the minimum required number, and will not affect the normal operation of the board of directors. The application for resignation will take effect on the date it is served on the board of directors. The board of directors of the company will complete the general election process as soon as possible. Li Xinwei does not hold shares in the company. The company and the board of directors thanked him for his contributions.

Zhaochi Co., Ltd. announced that the board of directors of the company received a written resignation report from director Li Xinwei. Li Xinwei applied to resign as a director of the company due to personal retirement. After leaving office, he no longer held any position in the company. Their resignation will not cause the number of board members to fall below the minimum required number, and will not affect the normal operation of the board of directors. The application for resignation will take effect on the date it is served on the board of directors. The board of directors of the company will complete the general election process as soon as possible. Li Xinwei does not hold shares in the company. The company and the board of directors thanked him for his contributions.