The Board of China Shenghai Group Limited announced that Ms. Li Yanfeng will be appointed as Executive Director with effect from 10 October 2022. The biographical details of Ms. Li Yanfeng are set out as follows: Ms. Li Yanfeng ("Ms. Li"), aged 48. Ms. Li graduated from Heilongjiang Economic Management Cadre College (currently known as Heilongjiang Vocational and Technical College of Industry and Commerce), major in Chinese Language.

Ms. Li has extensive and network in media and catering supply chain management. Ms. Li began her career in the media industry since 1998 and served as deputy general manager, chief editor and head of radio station in various media organizations in China until 2016. Since then, Ms. Li turned her career to catering and supply chain management, and has served as general manager and president in various catering and supply chain management enterprises in China.

Prior to her joining to the Group, Ms. Li served as the president of Anhui Taoling Hehe Supply Chain Management Co. Ltd. The Board announced that Mr. Chen Futian and Mr. Hu Hongchu will be appointed as non-executive directors of the Company (the "Non-Executive Directors") with effect from 10 October 2022. The biographical details of Mr. Chen Futian are set out as follows: Mr. Chen Futian ("Mr. Chen"), aged 35.

Mr. Chen graduated from Xiamen College of Science and Technology, major in financial law, financial statistics and modern finance theory. Mr. Chen has extensive experience in the finance industry in China. Mr. Chen currently served as manager in a sizeable bank in China.

Mr. Hu Hongchu ("Mr. Hu"), aged 47. Mr. Hu graduated from Dalian University of Technology, major in construction engineering. Mr. Hu has extensive experience in commercial services, he founded a commercial service company in 2008 which provides one-stop commercial services to enterprises.

Mr. Hu currently served as general manager in a commercial service company in Shenzhen.