China Sunshine Paper Holdings Company Limited announced that Ms. Shan Xueyan (``Ms. Shan'') has tendered her resignation as an independent non-executive director of the Company, the chairlady of audit committee of the Company and a member of remuneration committee of the Company with effect from 23 August 2023 due to her other business ventures and personal commitments. Ms. Shan has confirmed that (i) she has no claim against the Company in respect of her resignation; (ii) she has no disagreement with the Board; and (iii) there is no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the ``Stock Exchange''). Following the resignation of Ms. Shan, the Board announced that Ms. Zhang Tao (``Ms. Zhang'') has been appointed as an independent non-executive director of the Company, the chairlady of audit committee of the Company and a member of remuneration committee of the Company with effect from 23 August 2023.

Ms. Zhang Tao (), aged 44, has over 15 years of experience in auditing and over 5 years of experience in corporate compliance and management. Ms. Zhang served at Deloitte Touche Tohmatsu Beijing Branch successively as an auditing manager, an auditing senior manager, an auditing director and an auditing partner from August 2003 to April 2018. She then served as the chairlady of the supervisory committee and the general manager of internal control and audit department of Laopu Gold Co.

Ltd.* () from April 2018 to August 2021. Ms. Zhang has been serving as the vice president of Zhongshang Huimin Technology Group Co. Ltd.* () since August 2021.

Ms. Zhang graduated with a master's degree in accounting from Capital University of Economics and Business () in July 2003. She was admitted as a member of the Chinese Institute of Certified Public Accountants in October 2006.