The Board of Sinco Pharmaceuticals Holdings Limited announced that Mr. Lei Shifeng (‘Mr. Lei') has been appointed as an executive Director of the Company (‘Executive Director'), the member of Remuneration Committee and the member of Internal Control and Corporate Governance Committee of the Company with effect from 29 March 2023, in accordance of article 16.2 as set out in Memorandum and Articles of Association of the Company, until the next annual general meeting of the Company after his appointment and shall then be eligible for re-election at that meeting. Mr. Lei, aged 56, joined Group in April 2022 as the vice president of the Group, mainly responsible for administration, human resources management, public affairs and information management, and is also the director of Deyang Demei Medical Beauty Hospital Limited Company. Mr. Lei served as the president of the Sichuan Guojing Xinlian Supply Chain Management Co.

Ltd. and the director of Sichuan SRF Supply Chain Management Co. Ltd. from December 2020 to March 2022. From July 2016 to November 2020, he was the general manager of Chengdu Sinco Pharmaceutical Technology Co.

Ltd. and Sichuan Sinco Pharmaceuticals Co. Ltd. Mr. Lei was also the director of Chengdu Sinco Pharmaceuticals Technology Co. Ltd., Chengdu Sinco Pharmaceuticals Co.

Ltd., Chengdu Hengsheng Ziguang Pharmaceuticals Technology Co. Ltd. and Sichuan Sinco Biological Technology Co. Ltd. for the same period (those are indirect wholly-owned subsidiaries of the Company).

From June 2007 to June 2016, Mr. Lei worked as the deputy general manager for Sichuan Derentang Traditional Chinese Medicine Technology Co. Ltd., mainly responsible for procurement, manufacturing and quality. From May 2001 to May 2007, he worked as the deputy general manager of Chengdu Zhongxin Pharmaceutical Co., Ltd, mainly responsible for the overall business operation and management.

From July 1988 to April 2001, he was a manager at Chengdu Traditional Chinese Medicine Company, mainly responsible for the procurement and business operation and management of its branches. Mr. Lei obtained his bachelor's degree from Jilin Agricultural University in July 1988 and the Certified Pharmacist qualification in January 2000.