The board of directors of Carpenter Tan Holdings Limited announced that it has approved the appointment of Mr. Yang Tiannan (" Mr. Yang ") as an independent non-executive Director and a member of each of the audit
committee of the Company (the " Audit Committee "), the remuneration committee of the Company (the " Remuneration Committee ") and the nomination committee of the Company (the " Nomination Committee ") with effect from 20 June 2022. Mr. Yang, aged 53, has about 30 years of experience in the financial and securities market. Prior to joining the Company, Mr. Yang served as a manager of the financial and securities department of Beijing Vantone Holdings Co., Limited from January 1993 to August 1999. Subsequently, Mr. Yang served as the associate vice president of the customer department of Merrill Lynch in California, the United States from September 1999 to December 2001. From March 2002 to August 2005, Mr. Yang served as the investment consultant of Manulife Financial Corporation. Since September 2007, Mr. Yang has been the chief executive
officer of Beijing Golden Stone Asset Management Co., Limited. Mr. Yang is currently the visiting professor of College of Management and Economics of Beijing Institute of Technology, Zhongnan University of Economics and Law and Northeast Normal University. Mr. Yang obtained a Master degree of Business Administration from University of San Diego in the United States in May 2001.