On February 1 1 day, 2022, Baofeng Energy announced that there had been personnel changes in the company's senior management. The details are as follows: Yao Min resigned as vice president on February 1 1 2022, and the reason for his resignation was personal physical reasons.

Yao Min, the company's vice president, applied to resign as the company's vice president for personal reasons. After Mr. Yao Min resigns, he will no longer work in the company, and will not hold any post in the company.