Mr. Lai Binyong, aged 59, has been appointed as a vice president of the Company in September 2024. He is currently the general manager of Shenzhen Permanence Commerce Co., Ltd., a subsidiary of the Company, and a director of Henan Kingship Intelligent Technology Co., Ltd.. Mr. Lai is responsible for the company’s development strategy, market trends analysis, financial planning and capital needs, as well as formulating comprehensive and feasible financing strategies. Mr. Lai was finance manager of Everbright Timber Industry (Shenzhen) Co., Ltd.* (a former subsidiary of the Company) and financial controller of Shenzhen Permanence Commerce Co., Ltd. Mr. Lai holds an Associate Degree in Accounting from Southwest Jiaotong University and has accumulated extensive experience in accounting and finance related work for more than 30 years.