The board of directors of Shenzhou International Group Holdings Limited announces that Mr. Jiang Xianpin has tendered his resignation as an independent non-executive Director with effect from 1 April 2024. The Board of the Company announces that with effect from 1 April 2024: Mr. Hu Jijun ("Mr. Hu") has been appointed as an executive Director of the Company. Mr. Hu, aged 54, graduated from Ningbo University of Technology, formerly known as Ningbo College with a certificate of completion of enterprise management major course in 1989.

In 2015, Mr. Hu obtained the Zhejiang Province Senior Economist Professional Certificate. Mr. Hu is currently General Manager of the Group's Cambodian Production Base. Mr. Hu joined the Group in 1989 as a Deputy Manager of the Group's Production and Operations Department, where he played a key role in managing the day-to-day operations.

Mr. Hu was the assistant to the General Manager of the Group from 1999 to 2005. Mr. Hu served as the Vice General Manager of the Group from 2006 to 2012, where he managed sales-related work. Mr. Hu was appointed as the General Manager of the Group's own brands from 2013 to 2020.

Ms. Wang Feirong has been appointed as an independent non-executive Director of the Company. Ms. Wang, aged 49, obtained a bachelor's degree in industrial management engineering from Wuhan University of Technology, formerly known as Wuhan Industrial University in 1997, a master's degree in technical economics and management from Zhejiang University of Technology in 2000, and a doctorate degree in management science and engineering from Zhejiang University in 2009. She currently serves as a professor at the College of Management of Zhejiang University of Technology.

She is also a director of the Department of Business Administration, Innovation, Entrepreneurship and Investment Management, Party's committee member and a supervisor of master students in the same university. She is also a member of the Chinese Institute of Certified Public Accountants, an executive director of the Zhejiang Women's Research Association and a director of the Zhejiang Researching Association for small and medium enterprises. Change in composition of board committees: The Board of the Company announces that: following the resignation of Mr. Jiang as an independent non-executive Director, he will cease to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee of the Company with effect from 1 April 2024; and Ms. Wang has been appointed as chairperson of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee of the Company with effect from 1 April 2024.

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