Hengan International Group Company Limited announced that Zhou Fang Sheng has retired as an independent non-executive director of the Company at the annual general meeting of the Company held on May 20, 2022. Accordingly, Mr. Zhou ceased to act as an independent non-executive Director, a member of each of the nomination committee, the remuneration committee and the audit committee of the Company with effect from the conclusion of the AGM. The company also announced election of Chen Chuang as an independent non-executive Director by the shareholders of the Company at the AGM with effect from the conclusion of the AGM.

Mr. Chen has also been appointed by the board of Directors as a member of each of the remuneration committee, the audit committee and nomination committee of the Company, all with effect from May 20, 2022. Mr. Chen, aged 44, has over 16 years of experience in corporate strategy, large enterprises innovation, and internal innovation. Mr. Chen is an independent non-executive director of 361 Degrees International Limited since August 2019, a company listed on the main board of the Stock Exchange.

He was awarded a bachelor degree and a master degree in Management from the Faculty of Management and Economics of Dalian University of Technology. He also received his doctorate degree in Business Administration from the School of Economics and Management of Tsinghua University. He is currently a professor of business management at the Master of Business Administration Education Center of the School of Management of Xiamen University.

Mr. Chen is a committee member of the Case Research Division of Chinese Society for Management Modernisation.