Tian Cheng Holdings Limited announced that with effect from 31 May 2023: Mr. Wan Wai Wing has resigned as an independent non-executive Director, the chairman of the Remuneration Committee and a member of both of the Nomination Committee and the Audit Committee; Mr. Zhao Dongquan has been appointed as an executive Director; Mr. Zhang Wenyong has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of both of the Remuneration Committee and the Audit Committee; Mr. Luo Sheng has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of both of the Nomination Committee and the Audit Committee; and Mr. Wan San Fai Vincent, an independent non-executive Director, has been redesignated as a member of the Nomination Committee with effect from 31 May 2023. The Board announced that Mr. Zhao Dongquan ("Mr. Zhao") has been appointed as an executive Director with effect from 31 May 2023. Mr. Zhao Dongquan, aged 53, Chinese, was graduated from Wuhan University majoring in Industrial Automation.

From September 2008 to December 2011, Mr. Zhao has served as an executive director and the general manager of Chengdu Jiaweijia Technology Company Limited. Mr. Zhao has served as the general manager of Sichuan Junquan Environmental Technology Company Limited* () from December 2012 to October 2019. Mr. Zhao has been working as the general manager of Sichuan KangFu Wanjia Environmental Technology Company Limited* (), a company principally engaging in the development and sales of environmental electronics and environmental machinery equipment as well as the operation of Class II medical devices, since May 2016.

Mr. Zhao has been working as the chairman of Oukaida Life Sciences (Chengdu) Company Limited a company principally engaging in manufacturing electronic equipment, since April 2023. Mr. Zhao is currently the deputy director of the health technology products promotion department of the UN International Collaboration and Coordination Agency's Institute of Life Sciences; a director, a first-level professor and a research fellow of the Thailand Royal Board of Astronomical and Agricultural Sciences; a distinguished national scientist of Cambodia; a national health ambassador of both Malaysia and Hawaii; a visiting professor on Chinese medical and healthcare of China Academy of Chinese Medical Sciences; and the deputy director of Sichuan West China Research Institute of Chinese Medicine. The Board announced that Mr. Zhang Wenyong ("Mr. Zhang") has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of both of the Remuneration Committee and the Audit Committee with effect from 31 May 2023.

Mr. Zhang Wenyong, aged 48, was graduated from Renmin University of China School of Continuing Education majoring in Business Administration. From February 2009 to September 2019, Mr. Zhang has served as the general manager of Harbin Choice Industry Company Limited. Mr. Zhang has served as the general manager of Heilongjiang Kexiankelu Eco Technological Development Company Limited from October 2019 to December 2021.

He has been working as the chief operating officer of Beijing Huakai Technological Development Company Limited a company principally engaging in the operation of internet information services, technological development, technological consultation and technological services, since June 2022. He was awarded the Certificate of Senior Online Marketing Specialist issued by Electronic Technology Intelligence and Research Institute of Ministry of Industry and Information Technology of China in November 2013. The Board announced that Mr. Luo Sheng ("Mr. Luo") has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of both of the Nomination Committee and the Audit Committee with effect from 31 May 2023.

Mr. Luo Sheng, aged 26, was graduated from Sichuan University majoring in Engineering and Automation in June 2018, and obtained a master's degree in Applied Statistics from Jiangxi University of Finance and Economics in June 2022. Mr. Luo has been working as the account manager of the securities business department in Guangzhou Avenue Middle, Guangzhou of CITIC Securities Co. Ltd. since August 2022.

He has passed the examination of Financial Accounting Committee of the Securities Association of China and obtained the qualification to conduct securities business in July 2022. Mr. Luo has passed the Hong Kong Licensing Examination for Securities and Futures Intermediaries (Paper 1 and Paper 2) in December 2022, and has passed the Examination for Securities Investment Advisor Business of the Securities Association of China in March 2023.