The board of directors of the company of Jinhai International Group Holdings Limited announced that Mr. Yu Mingyang has been appointed as non-executive Director with effect from 31 July 2023. Mr. Yu Mingyang, aged 59, has extensive experience in branding strategy and management. Mr. Yu served as an independent non-executive director of Noble Jewelry Holdings Limited, a company listed on the Stock Exchange and currently known as Central Development Holdings Limited, from January 1994 to January 2002; and as an independent director of Zoneco Group Co.

Ltd., a company listed on the Shenzhen Stock Exchange, from June 2007 to June 2010. Mr. Yu also served as an independent director of Shandong Homey Aquatic Development Co. Ltd.,a company listed on the Shanghai Stock Exchange, from March 2011 to May 2015; and as an independent non-executive director of Carpenter Tan Holdings Limited, a company listed on the Stock Exchange, from September 2007 to January 2016.

Mr. Yu has served as a professor at Shanghai Jiao Tong University since September 2005. He has been (i) an independent director of Shanghai Xujiahui Commercial Co. Ltd., a company listed on the Shenzhen Stock Exchange, since March 2018; (ii) an independent director of Golden Home Living Co.

Ltd., a company listed on the Shanghai Stock Exchange, since September 2019, and (iii) an independent non-executive director of MedSci Healthcare Holdings Limited, a company listed on the Stock Exchange, since April 2023. Mr. Yu obtained his bachelor's degree in philosophy from Hangzhou University in the PRC in July 1983. Mr. Yu obtained a master's degree and a doctor's degree in management from Fudan University in the PRC in July 1993 and July 1996, respectively.

The Board announced that Mr. Li Yunping has been redesignated from a non-executive Director to an executive Director with effect from 31 July 2023. Mr. Li Yunping ("Mr. Li"), aged 69, had approximately 35 years of experience in the banking industry. Mr. Li held various positions in Ningbo Beilun Rural Commercial Bank Company Limited from May 1979 to January 2014.

From May 1981 to September 1986, Mr. Li was a supervisor at Beilun Lianshe Jiangnan Credit Union and from September 1986 to February 2000, Mr. Li was a supervisor at Beilun Lianshe Xiaogang Credit Union . His last position at Ningbo Beilun Rural Commercial Bank Company Limited was a senior economist from October 1995 until January 2014.