The board of directors of Fosun International Limited announced the following appointment of director and change of the composition of the audit committee of the Company: Mr. Huang Zhen has been appointed as an executive director of the Company; and Mr. Zhang Huaqiao, an independent non-executive director of the Company, has resigned as a member of the audit committee of the Company. Mr. Zhang remains as the chairman of the remuneration committee and a member of the nomination committee and environmental, social and governance committee of the Company. The appointment and change have become effective from 23 March 2022. Mr. Huang Zhen joined the Group in 2017 and currently serves as the chairman of Shanghai Yuyuan Tourist Mart (Group) Co. Ltd. Mr. Huang has entered into a service contract with the Company with a fixed term of services for three years commencing from 23 March 2022, and is subject to retirement by rotation and
re-election at the general meeting in accordance with the Company's articles of association. Mr. Huang will not receive any cash remuneration from the Company.