Shenguan Holdings (Group) Limited announced that Mr. Shi Guicheng, an executive director of the Company and Mr. Yang Xiaohu, an independent non-executive Director, will be subject to retirement by rotation according to the Company's Articles of Association and will not offer themselves for re-election at the annual general meeting of the Company to be held on or around 31 May 2023. Mr. Yang Xiaohu will also cease to be a member of each of the Audit Committee of the Company, the Remuneration Committee of the Company and the Nomination Committee of the Company, with effect from the conclusion of the AGM.