Bon Natural Life Limited Appoints Wallace Lee As New Chief Financial Officer, Mr. Lee Succeeds Zhenchao Li, Effective April 17, 2023

Bon Natural Life Limited (NASDAQ:BON) ("BON" or the "Company"), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, is pleased to announce the appointment of Mr. Wallace Lee as Chief Financial Officer (CFO), effective April 17, 2023. Mr. Lee succeeds Zhenchao Li, who stepped down from the role of CFO after a 4-year career with the Company, effective April 17, 2023.
 

"We welcome Wallace Lee into BON's executive leadership team." Commented Richard Hu, "Wallace brings exceptional financial, strategic, and operational experience both from multiple industry sectors and experience as a public company CFO. His broad expertise will be pivotal in BON's continued growth as an industry leading Nutraceutical company. We look forward to leveraging his deep finance and industry knowledge as we execute on our strategic and financial goals."

Mr. Wallace Lee is a certified public accountant and Chartered Global Management Accountant with over 16 years of experience including financial reporting, M&A transactions, due diligence, audit, tax, and management accounting. He received his B.S. in Business Administration from University of Houston in 2001. Most recently, Mr. Lee served as the Vice President of Finance at Ruanyun Edi Technology, Inc. Prior to Ruanyun Edi, Mr. Lee served as Chief Financial Officer of China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC), and Finance Securities & Operation Director of Wanda Sports Group Holding Limited (NASDAQ:WSG).

"I am honored to join BON's strong leadership team during this exciting period of growth, and to help drive the growth from both domestic and international markets," said Wallace Lee. "As CFO, I look forward to leading BON's financial operations to position the Company for continued success, and create long term shareholder value."

"It has been an honor serving BON for 4 years," said Zhenchao Li. "I welcome Wallace to BON and look forward to supporting his success as BON's CFO. His exceptional background and experience will be invaluable to BON as we move forward through the next phases of growth."