The board of directors of China Saftower International Holding Group Limited announced that with effect from 29 December 2023 (after trading hours) (i) Mr. Wang Haichen ("Mr. Wang") resigned as a non-executive Director due to his other career commitments which require more of his attention; (ii) Ms. Hu Xiaomin ("Ms. Hu") resigned as an independent non-executive Director due to her other career commitments which require more of her attention; and (iii) Mr. Chan Oi Fat ("Mr. Chan") resigned as an independent non-executive Director due to his other career commitments which require more of his attention. Following the resignation of Ms. Hu as an independent non-executive Director, she also ceased to be the chairman of the remuneration committee of the Board ("Remuneration Committee") and a member of each of the audit committee ("Audit Committee") and nomination committee ("Nomination Committee") of the Board with effect from 29 December 2023 (after trading hours); and following the resignation of Mr. Chan as an independent non-executive Director, he also ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee with effect from 29 December 2023 (after trading hours). The Board announced that, with effect from 29 December 2023, Mr. Ma Kaibin ("Mr. Ma") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee, and Mr. Li Jian ("Mr. Li") has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee. Mr. Ma Kaibing, aged 33, has over 11 years of experience in corporate finance. Mr. Ma is the office manager of the board of directors and the deputy general manager of the marketing planning department of Mingzhe Group Co. Ltd. since February 2023. Mr. Ma was an assistant general manager of the strategic management center of Guangdong Longguang Group Property Co. Ltd. from November 2021 to July 2022, the general manager of brand and strategic investment center of New Hope Property Service Group Co. Ltd., a subsidiary of New Hope Service Holdings Limited from December 2020 to July 2021, the vice president of Alliance Capital Partners Limited from April 2017 to December 2020, the corporate finance assistant manager of Messis Capital Limited from September 2015 to April 2017, the project manager business department of Hong Kong International Aviation Leasing Company Limited from March 2015 to August 2015, and employed by Deloitte Touche Tohmatsu from September 2012 to March 2015 with his last position as senior associate. Mr. Ma is a fellow of the Association of Chartered Certified Accountants since April 2020. He obtained a bachelor degree of business administration at Chinese University of Hong Kong in November 2012. Mr. Li Jian, aged 62, has over 40 years of experience in product quality control. Mr. Li was employed by Chengdu Product Quality Supervision and Inspection Institute from March 1983 to November 2021. Mr. Li is qualified as
a senior engineer by Chengdu Professional Title Reform Leading Group since March 2008. Mr. Li graduated from Sichuan Radio and Television University (currently known as The Open University of Sichuan in July 1987 majoring in electrical engineering.