The board of Zhongshi Minan Holdings Limited announced that Ms. Wu Lili has resigned as an executive Director with effect from 30 May 2024 due to her other career commitments which require more of her attention. Mr. Wang Bing (?Mr. Wang?) has resigned as a non-executive Director with effect from 30 May 2024 due to his other career commitments which require more of his attention. The Board announced that Ms. Wu Mengmeng (?Ms. Wu?) with effect from 30 May 2024, has been appointed as an executive Director.

Ms. Wu, aged 32, obtained a bachelor's degree of Electronic Commerce from Beijing Union University in 2016. She is currently pursuing an Executive Master of Business Administration at the Guanghua School of Management. Ms. Wu has more than 8 years of experiences on technology industries and management of e-commerce corporations.

She is a general manager of marketing centre of the Company. Prior to joining the Group in 2017, she was the founder of Zhongbo Yayi (Tianjin) Cultural Development Co. Ltd. until 2016.

The Board also announced that Mr. Li Xiaodong (?Mr. Li?), with effect from 30 May 2024, has been appointed as a non-executive Director. Mr. Li, aged 44, has more than 20 years of extensive experiences covering marketing analysis, agricultural and car industry. He is familiar with building and planning comprehensive industrial chain business models.

Mr. Li is the general manager of strategic investment department of the Company. He graduated from Beihang University in 2013, studying administrative management. Prior to joining the Group in 2022, he was the co-founder of Beijing Feichang Technology Co.

Ltd. until 2022. From 2017 to 2019, he was a partner of Beijing Xixi Cloud Vision Technology Co. Ltd. From 2015 to 2017, he was a business cooperation director of Beijing Siyuan Group.

From 2012 to 2015, he was a co-founder (Beijing District General Manager) of Beijing Calculus Network Technology Co. Ltd.