The Board of directors of Tian Cheng Holdings Limited hereby announced that Mr. Heung Che Kan ("Mr. Heung") has resigned as the chairman of the Board, an executive Director, the chairman of the nomination committee of the Company (the "Nomination Committee") and one of the authorized representatives of the Company with effect from 22 March 2023 (the "Resignation") in order to devote more time for the other business commitments. The Board announced that Ms. Zheng Yanling ("Ms. Zheng") has been appointed as an executive Director and the chairman of the Board with effect from 22 March 2023. Ms. Zheng, aged 48, a PRC citizen, graduated from the Suiling Technical School in Hailun County,
Heilongjiang Province, the PRC, majoring in finance and accounting in July 1994. In May 2013, Ms. Zheng obtained the qualification of professional physiotherapist from the Chinese Medical Doctor Association. Prior to 2012, Ms. Zheng had been engaged in personal business. In December 2012, Ms. Zheng served as the general manager of Jilin Zanjia Tiancheng E-commerce Co. Ltd., mainly engaged in internet technology development and information services. Ms. Zheng is responsible for managing the overall operation of the Company. Ms. Zheng's extensive experience in e-commerce and internet technology and information services will help the Company to explore new business in the future. The Board announces that Mr. Ouyang Jianwen ("Mr. Ouyang"), an executive Director of the Company has been appointed to replace Mr. Heung as one of the authorized representatives of the Company with effect from 22 March 2023. The Board further announces that Mr. Wan San Fai Vincent ("Mr. Wan"), an independent non-
executive Director of the Company has been appointed to replace Mr. Heung as the chairman of the Nomination Committee.