Ju Teng International Holdings Limited announced that with effect from 16 March 2022, Mr. Chiu Hui-Chin, an executive Director, has been appointed as the chief strategy officer of the Company and has ceased to be the chief executive officer of the Company in order to focus on formulating and managing strategies of the Group as the Chief Strategy Officer, and Mr. Cheng Li-Yu, the chairman of the Board, has been appointed as the Chief Executive Officer in his stead. Mr. Cheng Li-Yu was appointed as an executive Director on 15 July 2004. He is also the chairman of the Group and director of certain subsidiaries of the Group.

Mr. Cheng Li-Yu is one of the founders of the Group.