The Board of China Shun Ke Long Holdings Limited announced that, with effect from 28 May 2024: Mr. Shang Duoxu has resigned as the Chairman and an executive Director; Mr. Han Wei has resigned as an executive Director, Mr. Ma Ren has resigned as an independent non-executive Director, Mr. Wang Rengang has been appointed as the Chairman and an executive Director; Ms. Du Jing has been appointed as a non-executive Director; Mr. Ng Hoi has been appointed as an independent non-executive Director; and Ms. Wang Hui has been redesignated as an executive Director. Mr. Wang Rengang, aged 52, has been serving as a director and president of the Company's controlling shareholder, CCOOP Group Co., Ltd, since April 2024. He was a member of the Party Committee and the deputy general manager of New Cooperation Trade Chain Group Co., Ltd, an affiliate of All China Federation of Supply and Marketing Cooperatives from January 2014 to April 2024.

Mr. Wang Rengang graduated from Hubei Industrial Polytechnic (formerly known as Shiyan University with a diploma's degree in 1996. Ms. Du Jing, aged 48, has been serving as the secretary of the board of directors of CCOOP since May 2018 and a director of HNA Futures Co., Ltd, which is listed on the National Equities Exchange and Quotation System since July 2018. She was the vice president and the secretary of the board of directors of HNA Investment Group Co.

Ltd. from June 2015 to May 2018. Ms. Du Jing was accredited as intermediate economist from Ministry of Human Resources and Social Security of the People's Republic of China in October 2021 and obtained a master's degree in management from Tianjin University in June 2021. She obtained board secretary qualification from Shenzhen Stock Exchange in October 2004 and graduated from Zhongnan University of Economics and Law with a bachelor's degree in management in June 2003.

Mr. Ng Hoi, aged 50, has been a director of Elite Champion Management Limited since September 2021. He was an executive director of Momentum Financial Holdings Limited, from November 2016 to August 2021 and a director of Wuhan Handa Real Estate Development Co. Ltd. from November 2010 to October 2016.

Mr. Ng Hoi obtained a master's degree in business administration from Tsinghua University in July 2010 and a bachelor's degree in economics from Xiamen University in July 1996. Ms. Wang Hui, aged 49, served as the Chief Financial Officer of the Company from August 2020 to February 2022 and a non-executive Director of the Company since February 2022. Over the years, Ms. Wang Hui held various positions in CCOOP including a director from March 2021 to April 2024, the president from February 2021 to April 2024, the financial controller from 2018 to 2021, a supervisor in 2018, and a general manager of the Planning andFinance Department from 2016 to 2018.

Ms. Wang Hui previously served as a supervisor of Haihang Commercial Holding Co. Ltd. from December 2017 to March 2023,and a financial controller of Hainan HNA Airline Sales Ltd. from 2013 to 2016. Ms. Wang Hui graduated from the Party School of the Guizhou Provincial Committee of the Communist Party of China with a bachelor's degree in economics and management in 1998.

She has been a certified public accountant in China since 2003. The Board also announces that, with effect from 28 May 2024: Mr. Shang Duoxu ceased to act as the chairman of the Nomination Committee and a member of the Remuneration Committee; Mr. Ma Ren ceased to act as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee; Mr. Wang Rengang has been appointed the chairman of the Nomination Committee and a member of the Remuneration Committee; and Mr. Ng Hoi has been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee.