The board of directors of Silver Grant International Holdings Group Limited announced that Mr. Luo Zhihai ("Mr. Luo") has tendered his resignation as an executive Director and a member of the remuneration committee of the Board ("Remuneration Committee") with effect from 1 July 2024, due to his retirement after having worked for the Group to the age of retirement. Mr. Luo has confirmed that he had no disagreement with the Board and there was no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company ("Shareholders"). Following Mr. Luo's resignation, Mr. Zhang Wenguang ("Mr. Zhang"), an executive president of the Company, will be appointed as an executive Director and a member of the Remuneration Committee with effect from 1 July 2024.

Mr. Zhang, aged 55, has been appointed as an executive president of the Company with effect from 27 September 2021. He is currently the chairman of (Tai Zhou Dong Thai Petrochemical Company Limited), in charge of the petrochemical investment business of the Group. He graduated from the Jiaying University in foreign language.

He has worked for the Beijing Office of the Meizhou Municipal Government, the Economic and Trade Bureau of Meizhou, (Meizhou Qi Xin Guarantee Investment Company), the county of the Meixian People's Government, the Meixian County Committee, the Standing Committee of the Meizhou Municipal Committee and the United Front Work Department of the Meizhou Municipal Committee.