The supervisory committee of Shanghai Bio-heart Biological Technology Co., Ltd. announced that Mr. Chenzhao ZHANG (?Mr. Zhang?) resigned as an employee representative supervisor of the Company and other position in the Group with effect from August 31, 2023 as he would like to devote more time to other personal business. Mr. Zhang has confirmed that he has no disagreement with the board of directors of the Company (the ?Board?) and the Supervisory Committee and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the ?Stock Exchange?). As elected at the employees' representatives meeting of the Company, Mr. Junyi WANG (?Mr. Wang?) was elected as an employee representative supervisor of the second session of the Supervisory Committee on August 31, 2023.

The biographical details of Mr. Wang are set out as below: Mr. Junyi Wang, aged 34, has been the technical manager of the Group since July 27, 2016 and has served as the employee representative supervisor of the Company since August 31, 2023. Mr. Wang is primarily responsible for developing and promoting the research and development of the Group. He is also a limited partner of an employee incentive platform of the Group, Shanghai Baixinantong Enterprise Management Consulting L.P. (Limited Partnership), holding 0.5% of its partnership interest.

From June 2011 to January 2012, he worked as an experimental technician in Shanghai Construction Materials Co., Ltd. From March 2012 to March 2013, he worked as a test engineer at Shanghai Lelai Automobile Analysis and Testing Co., Ltd. From March 2013 to June 2016, he worked as a process engineer at Shanghai MicroPort Medical Devices (Group) Co., Ltd., a subsidiary of MicroPort Scientific Corporation, and was mainly responsible for the development of stents, guidewires and catheter products. Mr. Wang graduated from Shanghai University of Technology in June 2011. He is currently studying MBA at Glyndwr University in the United Kingdom.