Shoucheng Holdings Limited announced that with effect from the conclusion of the 2021 AGM; Dr. Li Yinhui has resigned as a Non-executive Director due to allocation of duties and ceased to be a member of each of the Audit Committee and the Remuneration Committee; Dr. Qiao Yongyuan has resigned as an Independent Non-executive Director due to allocation of duties and ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; Dr. Zhao Xianming has been appointed as a Non-executive Director and a member of the Remuneration Committee; and Ms. Zhuge Wenjing has been appointed as an Independent Non-executive Director and a member of the Audit Committee. Dr. Zhao is a member of the National Spectrum Strategic Planning Expert Advisory Committee. He is a chair professor and the dean of the Institute of Future Information Technology of HIT. Ms. Zhuge is also responsible for the business planning and overall operation of GLP Finance and GLP Capital. She has served as the co-president and chief financial officer of GLP China responsible for fund management, capital allocation, mergers and acquisitions and strategic cooperation in China, as well as financial and human resources management. Prior to joining GLP, Ms. Zhuge worked in Morgan Stanley Asset Management Company and Deloitte Touche Tohmatsu and was a director of Shenzhen New Nanshan Holding (Group) Co. Ltd. (resigned on 9 August 2019). The Board further announces that, following the abovementioned appointment of directors, Dr. Zhao has been appointed as a member of the Remuneration Committee and Ms. Zhuge has been appointed as a member of the Audit Committee, each with effect from the conclusion of the 2021 AGM.