The board of directors of JS Global Lifestyle Company Limited announced that Mr. Sun Zhe ("Mr. Sun"), a non-executive Director, has been re-designated as an independent non-executive Director, with effect from July 30, 2023 (Redesignation). Mr. Sun, aged 57, was appointed as a non-executive Director and a member of the strategy committee (the "Strategy Committee") of the Company on April 29, 2022. He is currently the co-director of China Program and senior visiting scholar at the School of International and Public Affairs of Columbia University. Mr. Sun is also the founding director of the Center for U.S. China Relations at Tsinghua University. He was a professor of International Affairs and doctoral supervisor of Tsinghua University from 2006 to 2016 and a professor and deputy director of the Center for American Studies at Fudan University from 2000 to 2006. Mr. Sun has worked at the East Asian Institute, Columbia University and Ramapo College, New Jersey. He is the author and editor of twenty-three books on comparative politics and U.S.-China relations. Mr. Sun has served as an independent non-executive director of China Resources Land Limited since April 2017 and an independent non-executive director of MGM China Holdings Limited from September 2010 to May 2021. Mr. Sun obtained a Bachelor's and a Master's degree in law from Fudan University in 1987 and 1989 respectively, and obtained a Doctor's degree in political science and international relations from Columbia University in 2000. He also obtained a Master's degree majoring in political science from Indiana State University in 1992. Mr. Hui Chi Kin Max ("Mr. Hui") has resigned as a non-executive Director and a member of the Strategy Committee with effect from July 30, 2023 due to his other business engagements. Mr. Timothy Roberts Warner ("Mr. Warner") has resigned as an independent non-executive
Director, the chairman of the remuneration committee (the "Remuneration Committee"), a member of the Strategy Committee and a member of the audit committee (the "Audit Committee") with effect from July 30, 2023 due to his other business engagements. Mr. Mark Barrocas ("Mr. Barrocas") has resigned as the global president of the Company with effect from July 30, 2023 due to his other business engagements. The Board also announced that (i) Mr. Yang Xianxiang, an independent non-executive Director, has been redesignated from a member to the chairman of the Remuneration
Committee, with effect from July 30, 2023; and (ii) Mr. Sun has been appointed as a member of the Remuneration Committee and a member of the Audit Committee, with effect from July 30, 2023.