The board of directors (the "Board") of Shoucheng Holdings Limited (the "Company") announce that Mr. Wu Lishun ("Mr. Wu") has been appointed as a Non-executive Director of the Company with effect from 5 December 2023. Mr. Wu, aged 48, graduated from the International Business Administration School of University of International Business and Economics and obtained a Bachelor degree in Economics in 1997, and obtained a Master of business administration degree from University of Maryland ­ Robert H. Smith Business School in 2013. Mr. Wu is the deputy party secretary, a director and the general manager of Beijing State-owned Capital Operation and Management Company Limited He is also a non-independent director of BOE Technology Group Co.

Ltd. and the chairman of First Capital Securities Co. Ltd, both of which are being listed on Shenzhen Stock Exchange. Before joining Beijing State-owned Capital, Mr. Wu was a standing member of the party committee and a deputy general manager of Beijing Capital Entrepreneurship Group Co.

Ltd. and a member of the party committee and a deputy chief of the State-owned Assets Supervision and Administration Commission of the Beijing Municipal People's Government ().