The board of directors of Prinx Chengshan Holdings Limited announced that the term of office of Mr. Zhang Xuehuo, an independent non-executive Director, will expire on 9 September 2023 pursuant to a letter of appointment with the Company. To devote more time to other business commitments, Mr. Zhang will retire as an independent non-executive Director upon expiration of his term of office and will cease to be the chairman of the nomination and remuneration committee of the Company and a member of each of the audit committee and the development strategy and risk management committee of the Company. The Board announced that Mr. Jin Qingjun has been appointed as an independent non-executive Director with effect from 9 September 2023.

The biographical details of Mr. Jin are set out below. Mr. Jin Qingjun, aged 66, is currently a senior partner of King & Wood Mallesons. His major areas of practice include securities, finance, investment, financing, real estate, corporate, maritime commerce, insolvency, litigation as well as foreign-related legal affairs.

He has a solid legal theory foundation and extensive legal practise experience. In the past 30 years, he has been adhering to the front line of project hosting work, enjoying a high reputation in the industry and among peers. Mr. Jin is one of the first lawyers who were granted Security Qualification Certificate in the PRC, focusing on securities-related legal affairs for more than 30 years.

He was the general legal counsel of the Shenzhen Stock Exchange and a member of the Listing Regulatory Council. He is currently a legal counsel of various financial institutions, securities companies and listed companies at home and abroad. Mr. Jin is currently an independent non-executive director of Times China Holdings Limited, Sino-Ocean Group Holding Limited, Bank of Tianjin Co.

Ltd., Central Development Holdings Limited and Goldstream Investment Limited; an independent director of Shenzhen Cheng Chung Design Co. Ltd., a director of Shenzhen Kingkey Smart Agriculture Times Co. Ltd. and an independent director of Invesco Great Wall Fund Management Co.

Ltd. From September 2014 to June 2021, Mr. Jin served as an independent director of Guotai Junan Securities Co. Ltd. Mr. Jin is also a part-time professor of the Chinese Academy of Governance, a part-time professor of the Law School of Renmin University of China, an arbitrator of the Shenzhen Court of International Arbitration, a mediator of the Shenzhen Securities and Futures Dispute Resolution Centre, an arbitrator of the South Africa International Commercial Arbitration Centre, a member of the Inter-Pacific Bar Association, a PRC legal counsel of the US Court of Appeals for the Washington D.C Circuit and a member of the National Equities Exchange and Quotations Review Committee. Mr. Jin graduated from the Foreign Language Department of Anhui University with a bachelor's degree in English and American literature in 1982.

He graduated from the Graduate School of China University of Political Science and Law with a master's degree in international law in 1987. In 2009, he received a completion certificate for a research program from the John F. Kennedy School of Government at Harvard University. Mr. Zhang will retire as an independent non-executive Director upon expiration of his term of office as an independent non-executive Director, and will also cease to be the chairman of the Nomination and Remuneration Committee and a member of each of the Audit Committee and the Development Strategy and Risk Management Committee.

Mr. Jin has been appointed as the chairman of the Nomination and Remuneration Committee and a member of each of the Audit Committee and the Development Strategy and Risk Management Committee with effect from 9 September 2023.