Tiangong International Company Limited announced that Mr. Yan Ronghua ("Mr. Yan") has tendered his resignation as an executive director of the Company with effect from 6 June 2023 as he would like to devote more time to his other endeavours. The Board announced that Mr. Zhu Zefeng (``Mr. Zhu'') has been appointed as an executive Director
with effect from 6 June 2023. Mr. Zhu, aged 41, is the Chief Executive Officer of the Company and the Chief Investment Officer of the Group. He graduated with advanced diploma in Business Operation Management from the Durham College, Canada. He joined the Company as management trainee in January 2016 to acquire the relevant experience and knowledge of the manufacturing process of the Group's products. He also involved in investigation and investment project on downstream subcontractor. Prior to his joining, he worked for TopTech Tools Manufacturing Inc. as an operation manager, with over 7 years of experience in overlooking and integration of upstream and downstream operation of its special steel business. His prime focus is to execute the Group's future investment strategy, in particular, in the integration of upstream and downstream component of the supply chain of the Group's existing business, as approved by the Board from time to time. Mr. Zhu is the son of the Executive Director and Chairman of the Company, Mr. Zhu Xiaokun.