Xu Peng has served as the chairman of the Company's board of directors since December 2023. Mr. Xu Peng served as the president of Hailuoda International Consulting Services Co., Ltd. in People's Republic of China (the "PRC"), a company engaged in overseas trade and investment promotion in Hainan, the PRC, from July 2019 to November 2023, where he was overseeing and managing the overall operations of the company. From August 2012 to June 2019, Mr. Peng served as the president at Ziyou Emotional Intelligence Education Consulting Co., Ltd., an education services provider targeted at children and youth, where he was overseeing and managing the overall operations of the company. Mr. Peng obtained a bachelor's degree in computer science from College of Applied Arts and Science of Beijing Union University in the PRC in 2003.

EMBA of the China Europe International Business School (CEIBS).

He led a team to operate 152 offline chain stores and online products, with over 7,000 team members. We achieved an annual sales revenue of 2 billion RMB and a market value of 1 billion USD, securing the leading position in the segmented industry. Our team possesses extensive experience in entrepreneurship, management, resource integration, and capital operations.

Currently, he is leading the transformation of a listed company into the blockchain field. Our portfolio includes companies specializing in mining machine operations, research and development, and trading. We also have an asset management and trading team, multiple NFT partnerships, and a dedicated blockchain technology team.

Zhiyi Xie has been the General Manager of Shenzhen Shenghongtao Technology since April 2017. Prior to that, Mr. Xie served as the General Manager of Shenzhen Haiyue Huifu Investment Management (2016-2017) and as the Deputy General Manager of Shenzhen Yipu Rui Venture Capital (2010-2015). His previous roles include that of Investment Director of Shenzhen Dingchuan Investment, Assistant General Manager at Shenzhen Jingrui Industrial, Manager of Shenzhen Jinhongxing Guarantee Investment Management, and Risk Control Manager at Shenzhen Zhongrongxin Financing Guarantee. Mr. Xie started his career as a lawyer at Hunan Hongye Tengfei Law Firm, having obtained his bachelor's degree in Law from Xiangtan University in 2001. He received his Lawyer's Qualification Certificate and Fund Qualification Certificate in 2000 and 2017, respectively.

Ye Ren has served as our independent director since June 2022. From August 2019 to March 2022, Ms. Ren served as chief financial officer of CN Energy Group Ltd. (Nasdlaq: CNEY) where she was responsible for supervising finance team, reviewing and approving financial and accounting transactions, and financial regulation compliance. From April 2017 to July 2018, Ms. Ren served as the Deputy Finance Manager of Zhejiang Yongning Pharmaceutical Co., Ltd., where she was responsible for department budget and internal control. From December 2014 to March 2017, Ms. Ren served as an assistant of the chief financial officer of Tantech Holdings Ltd. From October 2013 to November 2015, Ms. Ren served as a senior auditor of Pan-China Certificated Public Accountants LLP. Ms. Ren obtained her bachelor's degree in Business Administration from George Fox University in 2010 and her master's degree in Accountancy from the University of South Carolina in 2013.

Yuejun Jiang has served as our independent director since May 2023. Mr. Yuejun Jiang founded Enotek Technology (Group) Co., Ltd. in the People's Republic of China ("China" or the "PRC") in 2008, a company providing full-service industrial logistics solutions to customers, and has since served as the company's chairman of the board of directors. Mr. Jiang oversees the company's overall operations and makes major corporate decisions. Mr. Jiang obtained a bachelor's degree in law from China Central Radio and TV University (currently known as Open University of China) in 2014 and obtained an Executive MBA degree from Cheung Kong Graduate School of Business in the PRC in 2017. Mr. Jiang is pursuing his Doctor of Business Administration degree at Singapore Management University and expects to obtain his doctorate degree in 2025.