Ronshine China Holdings Limited announces Zhang Lixin as the executive Director of the Company with effect from 31 August 2023 due to his desire to retire and devote more time to his personal endeavours. Mr. Yu, aged 49, holds a Bachelor of Accounting degree from Hainan University (formerly known as South China University of Tropical Agriculture) in the People's Republic of China. From August 1995 to March 2011, Mr. Yu worked as a company accountant, finance manager, audit manager, finance director and securities manager within Tahoe Group Co.

Ltd., a company listed on the Shenzhen Stock Exchange (stock code: 000732), during which he was mainly responsible for financial management, financial and auditing related matters, internal system construction, asset and debt restructuring, mergers and acquisitions, internal standardization and administration, disclosure of information, and other matters related to listing. Since April 2011, Mr. Yu has been serving as the Company's finance supervisor, senior manager and senior director and is mainly responsible for other matters related to listing, such as financial management and disclosure of information.