Sheng Yuan Holdings Limited announced that Mr. Guo Yaoli has been appointed as an independent non- executive Director, a member of the Remuneration Committee and a member of the
Nomination Committee with effect from 21 November 2022. The biographical details of Mr. Guo are set out as follows: Mr. Guo Yaoli, aged 54, has 23 years of experience in the PRC legal profession. He serves as a certified lawyer and senior partner of Beijing Dentons Law Firm now. Mr. Guo worked for the PRC government from 1993 to 1997. Since 1999, Mr. Guo has been working as a lawyer in various law firms in Beijing China. From 2013 to 2019, he served as an independent director of Tianjin Port Co. Ltd., theshares of which are listed on the Shanghai Stock Exchange. Since 2017, he served as an independent director of Tianjin Ruixin Technology Co. Ltd. the shares of which are listed on the Shenzhen Stock Exchange. Since September 2022, he served as an independent non-executivedirector of Future World Holdings Limited, the shares of which are listed on The Stock Exchange of Hong Kong Limited. Mr. Guo received both his Bachelor of Laws degree and Master of Laws degree from the China University of Political Science and Law in 1993 and in 2001, respectively.