Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited held its AGM on May 10, 2024. Upon approval by the Shareholders at the AGM, Mr. Xu Yi ("Mr. Xu") was appointed as an executive Director of the second session of the Board. The term of office of Mr. Xu shall be commencing from 10 May 2024 until the expiration of the term of office of the second session of the Board.

Upon approval by the Shareholders at the AGM, Mr. Feng Lin Jun ("Mr. Feng") was appointed as a shareholder representative Supervisor of the second session of the Supervisory Committee. The term of office of Mr. Feng shall be commencing from 10 May 2024 until the expiration of the term of office of the second session of the Supervisory Committee. With effect from the conclusion of the AGM, Ms. Xie Yanli ("Ms. Xie") will no longer serve as the shareholder representative Supervisor.

Ms. Xie has confirmed that she has no disagreement with the Board and the Supervisory Committee, and that there are no other matters concerning her retirement that need to be brought to the attention of Shareholders. The Supervisory Committee held a Supervisory Committee meeting on 10 May 2024, at which Mr. Feng has been appointed as the Chairman of the second session of the Supervisory Committee upon the retirement of Ms. Xie.