The board (the "Board") of directors (the "Directors") of Datang Group Holdings Limited (the "Company") announced that Ms. Chan Tan Yee ("Ms. Chan") and Ms. Chen Xiaoyun ("Ms. Chen") have been appointed as non-executive directors of the Company with effect from 9 July, 2021. Ms. Chan Tan Yee: Ms. Chan, aged 34, has over 10 years of experience in the finance and private equity industry. She served as a manager of the Royal Bank of Scotland in London, United Kingdom from 2010 to 2012 and as an investment associate of New Horizon Capital, a private equity fund from 2014 to 2016. She has been serving as the director of Good First Group, a company principally engaged in finance business since 2013. She is also the founder of Newgen Capital, an investment fund founded in 2019. Pursuant to the appointment letter entered into between the Company and Ms. Chan, she is appointed as a non-executive Director for a term of three years commencing from 7 July 2021 and shall hold office until the next following annual general meeting of the Company and shall then be eligible for re-election at that meeting. The Board and Ms. Chan has agreed on mutual basis that Ms. Chan will not receive any Director's fee. Ms. Chen Xiaoyun: Ms. Chen, aged 40, has over 17 years of experience in the banking and finance industry. She successively served in various positions in the Xiamen branch of Bank of China Limited ("BOC Xiamen") from July 2003 to June 2015. She served as the vice president of the Xiamen airport branch of Bank of China Limited from January 2012 to July 2012. From July 2012 to March 2014, she served as the deputy head of the administration and marketing business division of BOC Xiamen, further promoted as the head of the division from March 2014 to June 2014 and served as the head of the commercial services division of BOC Xiamen from June 2014 to June 2015.