Deng Hu Lawyer Appointed as Independent Director of Yuanwang Technology (Stock Code: 002291)

The second extraordinary general meeting of shareholders and the first meeting of the sixth board of directors of Foshan Yaowang Technology Co., Ltd. were held on March 29, 2025 in the company's conference room.

Meng Xiaojun, partner and director of Guangdong Denghu Law Firm, has been appointed as an independent director of Yuanwang Technology (stock code: 002291).

Established in Hangzhou in November 2010 and listed on the A-share market in 2018 (stock code: 002291), it is a technology driven new consumer service platform.

Yuanwang Technology has the most star IP addresses in China, and the live broadcast e-commerce business covers multiple channels such as Tiktok, Kwai, Taobao, and video number. It has established a multi-level and professional anchor matrix of 'star+talent', developed 'Yuanwang Cloud AIS' by itself, actively explored overseas markets, and created many overseas live broadcast records.

In addition, Yaowang Technology has launched the first 'digital reality integration' new consumer complex in China - Yaowang X27PARK, constantly exploring in the fields of variety shows, film and television, performances, etc., and leveraging its core advantages to open up multiple business alliances such as IP commercialization, short dramas, instant retail, supply chain, etc., to achieve 'brand full custody services' around new consumption.

This appointment is a high recognition from Foshan Yuanwang Technology Co., Ltd. for the professional competence and past work performance of lawyers at Denghu Law Firm. In the future, Denghu Lawyer will uphold a diligent and responsible work attitude, and fully leverage its unique advantages in professionalism and independence. At critical junctures in the company's strategic planning, major investments, mergers and acquisitions, and other major business decisions, actively provide advice and suggestions, and use a professional perspective to ensure the scientific and rational nature of the company's decisions.