Sinofert Holdings Limited announced that Mr. Gao Jian has resigned as the Chief Financial Officer of the Company with effect from 22 February 2023 due to adjustment of work arrangements. Mr. Gao has confirmed that he has no disagreement with the Board and that there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Gao for his valuable contribution to the Company's development during his term of office.

The Board further announces that Ms. Wang Ling has been appointed as the Chief Financial Officer of the Company with effect from 22 February 2023. The biographical details of Ms. Wang are as follows: Ms. Wang Ling, aged 48, graduated from Renmin University of China majoring in international accounting and obtained a bachelor's degree in management in August 1997, and received a master's degree in management from Renmin University of China in July 2001. Ms. Wang joined China Foreign Economy and Trade Trust Co.

Ltd. in July 2001, and served as a staff member of its finance department, investment banking department and trust business department. From November 2003 to August 2021, Ms. Wang held various positions such as the division head of the tax accounting division of the accounting management department, an assistant general manager of the accounting management department, and the general manager of the taxation and property rights division of the finance department of Sinochem Group Co. Ltd. From August 2021 to January 2023, Ms. Wang served as the general manager of the taxation management division of the finance department of Sinochem Holdings Corporation Ltd. Ms. Wang has been the chief financial officer of Syngenta Group Co.

Ltd. in charge of China crop nutrition business unit since January 2023. Ms. Wang has been involved in the financial sector for over two decades, with extensive experience in finance, financial affairs, taxation and property rights management. Her profoundknowledge and experience will assist the Board in making decisions effectively.