Taiji Co., Ltd. announced on August 7 that the company held the 5th meeting of the 7th board of directors on the same day to review and pass the “Proposal on the Appointment of the President of the Company” and “Proposal on Nominating Candidates for Non-Independent Directors of the 7th Board of Directors”. Following nomination by the chairman and review by the board nomination committee, the board of directors appointed Li Ning as the company's president to be responsible for the overall operation of the company. The term of office began on the date of review and approval by the board of directors until the date of the 7th board of directors change of the company. In order to ensure the continuity and stability of the work of the board of directors, Mr. Li Ning was nominated as a non-independent director of the 7th board of directors of the company in accordance with the provisions of the “Company Law” and “Articles of Association” and other relevant laws and regulations. The term of office begins on the date of review and approval by the shareholders' meeting and ends on the date of the change of the 7th board of directors of the company.

Taiji Co., Ltd. announced on August 7 that the company held the 5th meeting of the 7th board of directors on the same day to review and pass the “Proposal on the Appointment of the President of the Company” and “Proposal on Nominating Candidates for Non-Independent Directors of the 7th Board of Directors”. Following nomination by the chairman and review by the board nomination committee, the board of directors appointed Li Ning as the company's president to be responsible for the overall operation of the company. The term of office began on the date of review and approval by the board of directors until the date of the 7th board of directors change of the company. In order to ensure the continuity and stability of the work of the board of directors, Mr. Li Ning was nominated as a non-independent director of the 7th board of directors of the company in accordance with the provisions of the “Company Law” and “Articles of Association” and other relevant laws and regulations. The term of office begins on the date of review and approval by the shareholders' meeting and ends on the date of the change of the 7th board of directors of the company.