The board of directors (the "Board") of Prinx Chengshan Holdings Limited announced that, on May 22, 2023, the Board has considered and approved the resolutions regarding the appointment of Mr. Huang Xiaolei as the chief financial officer of the Company with effect from June 1, 2023. Mr. Huang, aged 47, has been the senior financial controller of the financial centre of the Company since October 2022. From July 1996 to September 2008, Mr. Huang successively served as the treasury manager of the group's finance department of Shanghai Baosteel Group and the head of finance of its Italian subsidiary (based in Italy).

From October 2008 to September 2022, Mr. Huang successively served as the senior manager of the group's finance centre of Luolai Home Textile Co., Limited (currently known as Luolai Life Technology Co., Limited shares of which are listed on the Shenzhen Stock Exchange with stock code 002293), the chief financial officer of Jingyang (Shanghai) Container Leasing Co. Ltd. the chief financial officer of the China region of and the Asia Pacific region (based in Hong Kong) of MARCOLIN S.p.A,. Mr. Huang graduated from East China University of Science and Technology with a bachelor's degree in international business administration in June 1996.

He graduated from Fudan University with an MBA degree in January 2012. Mr. Huang obtained a certificate of senior title in accounting from Shanghai Municipal Finance Bureau in 2009.