Colour Life Services Group Co., Limited announced that Mr. Pan Jun ("Mr. Pan") wished to retire and not to offer himself for re-election at the Adjourned AGM. As such, Mr. Pan retired as an executive Director with effect from the conclusion of the Adjourned AGM. Following his retirement as Director, Mr. Pan will cease to be the chairman of the Board, acting chief executive officer and the chairman of the nomination committee of the Company. Mr. Zheng Hongyan ("Mr. Zheng") wished to retire and not to offer himself for re-election at the Adjourned AGM. As such, Mr. Zheng retired as the non-executive Director with effect from the conclusion of the Adjourned AGM. As Resolution numbered 7 for the re-election of Ms. Sun Dongni ("Ms. Sun") as a non-executive Director was not passed by the Shareholders at the Adjourned AGM, Ms. Sun retired as a non-executive Director with effect from the conclusion of the Adjourned AGM. The Board announces that Mr. Wu Qingbin (" Mr. Wu ") has tendered his resignation as a non- executive Director and the vice chairman of the Board with effect from 11 September 2023 due to his other personal commitment. Following the passing of Resolution numbered 3, the Board announced that Mr. Zhu Jindong ("Mr. Zhu") has been appointed as a non-executive Director, the chairman of the Board and the chairman of the nomination committee of the Company with effect from the conclusion of the Adjourned AGM. As at the date of this announcement, such information remains unchanged. Immediately after the conclusion of the Adjourned AGM, Mr. Timothy David Gildner has been appointed as a non-executive Director with effect from 11 September 2023. Mr. Gildner, aged 53, is an executive director and the vice president of Fantasia Holdings Group Co., Limited (stock code: 1777), which is a substantial Shareholder and the controlling Shareholder of the Company, the shares of which are listed on the Main Board of the Stock Exchange. Prior to joining the Fantasia Group, he was a director of Gottardo Advisory Limited between January 2012 and April 2022. He was also a visiting scholar at the City University of Hong Kong between January 2017 and June 2019 for graduate level courses in real estate investment in China and real estate financing; and for fintech related courses at The Hong Kong University of Science and Technology between June 2015 and January 2017. He has extensive knowledge and experience in finance and management. Mr. Gildner obtained a bachelor of art degree in journalism from Michigan State University, a master 's degree in international affairs and a master 's degree of business administration from Columbia University in 2002. Immediately after the conclusion of the Adjourned AGM, Mr. Chen Wenjian has been appointed as the non-executive Director with effect from 11 September 2023. Mr. Chen, aged 39, is currently the senior director of 360 (Beijing) Private Equity
Fund Management Co. Ltd. Prior to joining 360 Fund Management, Mr. Chen has served as various roles in financial institutions and as the secretary to the board of a company listed on the Shenzhen Stock Exchange. He has over 10 years of experience in securities, investment research and investment banking businesses. Mr. Chen obtained a bachelor 's degree in statistics and a master 's degree in western economics, both from Xiamen University, in 2006 and 2010 respectively. The Company has entered into a letter of appointment with Mr. Chen for a term of three years commencing from 11 September 2023. He will hold office until the Company's first annual general meeting after his appointment and shall then be eligible for re-election pursuant to the New Articles. He will be entitled to a nominal director's fee of RMB1 per annum.