Kong Sun Holdings Limited announced that, with effect from 8 November 2022: Mr. Qin Hongfu has resigned as an executive Director and the chief financial officer of the Company; Mr. Lang Wangkai has resigned as an independent non-executive Director and ceased to be the chairman of the Nomination Committee and a member of each of the Remuneration Committee
and the Audit Committee; Mr. Wang Shaoyuan has been appointed as an executive Director of the Company; and Ms. Tang Yinghong has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee. Mr. Wang Shaoyuan aged 43, joined the Group as deputy manager of the finance department in November 2013. Since then, he worked in various positions in the Company and its subsidiaries. He has over 17 years of experiences in corporate and financial management. He obtained a bachelor degree in management in Jilin University of Finance and Economics n 2005. Ms. Tang, aged 58, has over 35 years of legal experience. Ms. Tang is currently a vice professor in the faculty of law of Hunan Normal University. Ms Tang obtained a bachelor degree in law in Xiangtan University and master of law in Hunan Normal University. Ms. Tang entered into a letter of appointment for a term of 3 years with the Company on 8 November 2022 and is subject to retirement by rotation and re-election and other related provisions Following Mr. Lang's resignation as an independent non-executive Director with effect from 8 November 2022, he ceased to be the chairman of the nomination committee of the Board (the "Nomination Committee") and a member of each of the Remuneration Committee and the audit committee of the Board (the "Audit Committee"). Ms. Tang, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee with effect from 8 November 2022.