The board of directors of Sun Art Retail Group Limited announced that Li Yonghe has tendered his resignation as a non-executive director of the company with effect from August 10, 2021 due to his resignation from Alibaba Group Holding Limited (including its subsidiaries), the controlling shareholder of the company. Since Li has resigned as a director of the company, the proposed re-election will be withdrawn and will not be put forward for consideration and approval by the shareholders at the AGM to be held on August 12, 2021.