CIMA Decision Notice Cancelling Director Registration of Mr. Zhi Chen

Pavilion East, Cricket Square P.O. Box 10052 Grand Cayman KY1–1001, Cayman Islands Tel +1 345 949-7089 www.cima.ky The following is an official extract of a Decision Notice sent to Mr. Zhi Chen Re: Decision Notice – Mr. Zhi Chen (Director Registration #2672165) TAKE NOTICE: The Cayman Islands Monetary Authority (“the Authority”) of Pavilion East, Cricket Square, P.O. Box 10052, Grand Cayman, KY1-1001, Cayman Islands, has taken the following action: ACTION: The Authority has cancelled the director registration held by you, Mr. Zhi Chen, pursuant to section 25(2)(a) of the Directors Registration and Licensing Act, 2014 (as amended) (“the Act”). REASONS: The Authority is, pursuant to section 25(1)(a) and (e) of the Act, of the opinion that you, Mr. Zhi Chen: (1) are carrying on business in a manner detrimental to the public interest or to the interests of the covered entity for which you are appointed; and (2) are a person that is not a fit and proper person to hold a position as a registered director. EFFECTIVE DATE OF DECISION: The Authority’s decision regarding the above action is effective 3 December 2025. RIGHT TO APPEAL: You have the right to appeal the Authority's decision made under section 25 of the Act to the Grand Court as set out under section 27(5) of the Act.