The Board of Lianhua Supermarket Holdings Co., Ltd. announced that, due to impending retirement, Mr. Dong Xiao-chun has tendered his resignation as a non-executive director, and the member of the audit committee of the Company. The Board also announced that Ms. Yang Qin has been appointed as a non-executive director, and the member of the audit committee of the Company for an initial term commencing from 24 May 2024 until the conclusion of the annual general meeting of the Company to be held on 20 June 2024 and shall be eligible for re-election. The above appointments of Ms. Yang becomes effective after such appointments were approved at the Meeting.

Since Ms. Yang is currently holding senior position in Shanghai Bailian, she will not be included as a member of the Whitewash Waiver IBC upon appointment as non-executive Director and there will be no change to the composition of the Whitewash Waiver IBC.