The board of directors of Sanxun Holdings Group Limited announced the appointment of Mr. Tong Yu (Mr. Tong) as an independent non-executive Director and a member of the audit committee and chairman of the remuneration committee of the Board with effect from 14 October 2022. Mr. Tong Yu, aged 49, is a practicing lawyer in the People's Republic of China, civil and administrative expert of the Supreme People's Procuratorate, member of Intellectual Property Research Association of Anhui Law Society* and the 9th and 10th deputy director of Financial, Insurance and Law Professional Committee of Anhui Lawyers Association. He graduated from the Anhui University of Finance and Economics in 1998 and obtained the Bachelor of Law.

He obtained the Master of Business Administration from the Graduate School of Renmin University of China in April 2007. He held various professional qualifications including: state registered auctioneer, corporate legal advisor, second hand motor vehicle appraiser, securities broker qualification, Shanghai Stock Exchange independent director qualification certificate. In December 2019, Mr. Tong was appointed as an invited administrative law enforcement supervisor of Anhui province by the Bureau of Justice of Anhui province for a term of five years.

In October 2020, Mr. Tong was appointed as a mediator by China Securities Legal Services Center for a term of three years. In August 2022, Mr. Tong was appointed as the legal counsel of Bureau of Public Security of Anhui province for a term of three years. He is also an arbitrator of the Bozhou Arbitration Commission.

From 1998 to 2000, Mr. Tong served as a professional auctioneer of Anhui Wuhua International Auction Co. Ltd. From 2001 to 2004, he served in Anhui Branch of China Ping An Property Insurance Co. Ltd. and his last position is compliance risk management officer.

From 2004 to 2009, he served in Anhui Branch of Tian An Insurance Co. Ltd. and his last position is compliance risk management officer, responsible for the regulation compliance and risk management. From 2010 to 2015, he successively worked at Anhui Huaren Law Firm, Anhui Zhengyu Law Firm and Beijing Dentons Law Office (Hefei) as practicing lawyer.

From 2015, he was promoted as the senior partner of Beijing Dentons Law Office (Hefei). From January 2018 to March 2021, he was appointed as the member of management of Beijing Dentons Law Office (Hefei), acted as committee member of supervision committee. From 2015, Mr. Tong has been appointed as a mediator by Securities Association of China.

In October 2021, he was awarded as an outstanding member of the 9th Professional Committee of Anhui Lawyers Association. From September 2022, he was appointed as a member of the Financial Professional Committee of All China Lawyers Association. The Board announced the resignation of Mr. Zhou Zejiang (Mr. Zhou) as an independent non-executive Director with effect from 14 October 2022 in order to devote more time on his other personal endeavours.

Following his resignation, Mr. Zhou has also ceased to be a member of the audit committee and chairman of the remuneration committee of the Board.