The Board of Town Health International Medical Group Limited at the SGM held on 12 January 2024, the Board announces that, with effect from the conclusion of the SGM, (i) Mr. Liu Yang was appointed as a non-executive Director; and (ii) Ms. Zhang Xiaoxue and Mr. Liu Shiyin were appointed as executive Directors. Mr. Liu Yang, aged 44. Mr. Liu Yang obtained a bachelor?s degree in economics from University of International Business and Economics in July 2002.

Mr. Liu Yang is a non-practicing member of the Chinese Institute of Certified Public Accountants, a member of CPA Australia and has been awarded the professional designation of Certified Internal Auditor by The Institute of Internal Auditors. Mr. Liu Yang has over 20 years of experience in equity investment, financial management and risk management. Mr. Liu Yang is currently the deputy general manager of China Life Private Equity Investment Company Limited (?

China Life Private Equity"), and serves as a director and/or supervisor in several subsidiaries of China Life Private Equity. As of the date of this announcement, China Life Private Equity is a wholly owned subsidiary of China Life Insurance (Group) Company "CLIG"), a substantial Shareholder. Mr. Liu Yang worked in the audit department of KPMG Huazhen LLP from August 2002 to March 2011, where he successively worked as auditor, assistant manager, manager, and senior manager.

From March 2011 to May 2011, Mr. Liu Yang served as the chief financial officer in Beijing Yuanjing Hokay Sports Development Co. Ltd. From May 2011 to February 2017, Mr. Liu Yang worked in China Mobile Finance Co. Ltd. where he successively held various positions including, project manager in the special project preparatory group, project manager in the risk management department, deputy general manager, general manager, deputy general manager of the audit and compliance department and supervisor.

Since February 2017, Mr. Liu Yang worked in China Life Private Equity, successively working as the chief director and the person in charge of the investment management center, the person in charge of the financial management center, management committee member, and deputy general manager. From January 2021 to October 2022, Mr. Liu Yang served as a director in Goodwill E-Health Info Co., Ltd; and from December 2020 to January 2022, Mr. Liu Yang served as a director in Dareway Software Co.,Ltd. Ms. Zhang Xiaoxue, aged 33. Ms. Zhang Xiaoxue obtained a master's degree of Science in Finance (international money, finance and investment) from University of Durham in the United Kingdom in January 2014.

Ms. Zhang Xiaoxue has approximately 9 years of experience in equity investment, financial management and risk management. Ms. Zhang Xiaoxue is currently a deputy director of the investment management center in China Life Private Equity. As of the date of this announcement, China Life Private Equity is a wholly owned subsidiary of CLIG, a substantial Shareholder.

Ms. Zhang Xiaoxue worked as an auditor in the audit department of KPMG Huazhen LLP from October 2014 to October 2016. From October 2016 to August 2021, Ms. Zhang Xiaoxue worked in the transaction advisory department of KPMG Advisory (China) Limited successively serving as assistant manager and manager. Since August 2021, Ms. Zhang Xiaoxue has worked in China Life Private Equity, successively serving as senior manager and deputy director of the investment management center.

Mr. Liu Shiyin, aged 39. Mr. Liu Shiyin holds a master 's degree in Business Administration from Tsinghua University and a doctoral degree in Law from Minzu University of China Mr. Liu Shiyin passed the securities practitioner qualification exam the Securities Association of China. Mr. Liu Shiyin has approximately 11 years of experience in equity investment.

Mr. Liu Shiyin is currently an executive director in the department of healthcare investment in China Life Healthcare Investment Company Limited. As of the date of this announcement, China Life Healthcare is a wholly owned subsidiary of CLIG, a substantial Shareholder. From February 2012 to February 2022, Mr. Liu Shiyin worked in CCB International (China) Limited and successively served as investment manager in the investment banking department, assistant investment vice president in the business innovation department, and general manager of the strategic investment department.

Since March 2022, Mr. Liu Shiyin has worked in China Life Healthcare, successively working as senior investment vice president and executive director in the department of healthcare investment.