The board of directors (the "Board of Directors") of Shandong Fengxiang Co. Ltd. (the "Company", together with its subsidiaries, the "Group") announced that Mr. Kong Xiangwei ("Mr. Kong") has tendered his resignation from his position as a shareholders representative supervisor of the Company (the "Supervisor") and the chairman of the board of Supervisors (the "Board of Supervisors") with effect from 31 March 2021 due to other work commitments.