The board of directors of Renaissance Asia Silk Road Group Limited announced that (i) Mr. Chen Jian has resigned as an independent non-executive Director (INED) of the Company due to his other business engagement; and (ii) each of Mr. Yang Jingang and Mr. Zhang Zhen has been appointed as an INED, all with effect from 5 February 2024. Mr. Yang, aged 51, is an experienced Chinese lawyer practicing for over 15 years. Mr. Yang graduated from Tianjin Normal University and later worked as a teacher.

Mr. Yang obtained a PRC legal vocational qualification in 2008 and started a career as a lawyer. Mr. Yang has extensive experience in legal teaching and practicing as a lawyer. Mr. Yang founded Tianjin Yuru Law Office ("Yuru Law Office") in 2014 and currently serves as a Chief Lawyer of Yuru Law Office.

Mr. Zhang, aged 39, is specialized in various areas of mechanical engineering, especially in mechanical parts design, structural element diagram design and product development with over 13 years of experience. Mr. Zhang obtained a master degree in mechanical engineering from Beijing University of Technology in 2010. Following the resignation of Mr. Chen and the appointment of Mr. Yang and Mr. Zhang, with effect from 5 February 2024: (i) Mr. Chen has ceased to be a member of each of the audit committee, the remuneration committee and the nomination committee of the Company; (ii) Mr. Tse Sze Pan, now an independent non-executive Director, has ceased to be the chairman of the remuneration committee and a member of each of the audit committee and nomination committee of the Company; (iii) Mr. Yang has been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee of the Company; and (iv) Mr. Zhang has been appointed as the chairman of the remuneration committee and a member of each of the audit committee and nomination committee of the Company.