The board of New Sparkle Roll International Group Limited announced that (i) Mr. Liu Hongqiang retired as an independent non-executive director and the chairman of the Nomination Committee with effect from 13 November 2023; and (ii) Ms. Cheng Bin and Ms. Liu Wenjing have been appointed as an executive Director and an independent non-executive Director respectively with effect from 13 November 2023 to fill the vacancy caused by the retirement of Mr. Ma Chao and Mr. Liu Xiaoyi, and to comply with the board diversity requirements under the Listing Rules. Ms. Liu Wenjing has also been appointed as the chairman of the Nomination Committee with effect from the same date to fill the vacancy caused by the retirement of Mr. Liu Hongqiang. Ms. Cheng, aged 50, graduated from the Kwantlen Polytechnic University in Canada in 2009 with a Bachelor of Business Administration in Accounting and has been a Certified General Accountant (Canada) since 2013.

She had served as auditor at BDO Canada from 2009 to 2011, and as financial controller at Canada JinBi International Limited from 2011 to 2012. Ms. Cheng joined the Group in March 2013 and had held the position as the head of the watch and jewelry division and the head of the marketing and media division of the Group. Currently, Ms. Cheng is the assistant operating director and head of the marketing division of Lamborghini Beijing of the Group.

She has also been appointed as a deputy general manager of cigar division of the Group since November 2023. Ms. Liu, aged 40, graduated from The China University of Political Science and Law in 2006 with a Bachelor of Laws and has been a practicing lawyer at (Beijing Minghua Law Firm) since 2019. Ms. Liu has more than 12 years' experience as a PRC lawyer with various law firms in Beijing, the PRC.