The board of Century Sage Scientific Holdings Limited announced Mr. Li Jinping resigned as an executive Director with effect from 28 December 2022 in order to devote more time to his other work commitments within the Group. The Board announced the appointment of Mr. Li Liang (Mr. Li) as an executive Director with effect from 28 December 2022. Mr. Li Liang, aged 44, obtained a master's degree majored in public administration from Peking University in July 2010.

Since October 2016, he has been studying Executive MBA in China Europe International Business School. Mr. Li has ample business management experience. Mr. Li worked at New Oriental Education & Technology Group Inc. (New Oriental) from April 2001 to January 2022.

He served as a vice president of New Oriental and president of Beijing New Oriental School and founded New Oriental's K12 training during his tenure with New Oriental. Mr. Li has received numerous recognitions during his tenure with New Oriental and was awarded the New Oriental Education & Technology Group 20th Anniversary Meritorious Person Award in November 2013. In January 2022, Mr. Li founded Make a Friend E-Commerce Academy to help a wide range of small and medium-sized enterprises as well as streamers to improve their operation in the new media platforms. In November 2022, Mr. Li was appointed as the chief executive officer of Hangzhou Century Sage Information Technology Co.

(a subsidiary of the Company) and fully responsible for operations management.