The board of directors of Tianjin Development Holdings Limited announced that Mr. Zhuang Qifei has resigned as executive director of the Company and Mr. Cui Xiaofei has resigned as non-executive Director of the Company due to their other business engagements, both with effect from 30 March 2023. The Board announced that Mr. Teng Fei has been appointed as executive director and deputy general manager of the Company with effect from 30 March 2023. Mr. TENG Fei, aged 44, a senior engineer, graduated from Tianjin University with a Master of Business Administration Degree.

Prior to joining the Company, he had served in various roles including assistant to general manager of Tianjin Zhonghuan Electronics Computer Co., assistant manager of Tianjin Zhonghuan Huaxiang Electronics Co. Ltd., deputy general manager of iMarketChina Co. Ltd., general manager of Tianjin Zhonghuan Electronics Computer Co.

Ltd., chairman of Tianjin Huanbo Science and Technology Co. Ltd., president of Cashway Fintech Co. Ltd. and Hengrong Investment Holdings Co.

Ltd. Mr. Teng is currently the deputy general manager of Tianjin TEDA Industrial Group Co. Ltd. and Tsinlien Group Company Limited, general manager of Tianjin Bohai State-owned Assets Management Co. Ltd., all being controlling shareholders of the Company, as well as a director of certain subsidiaries of the Company.

He has extensive experience in corporate management, specializing in production and manufacturing enterprises management. The Board announced that Mr. Sun Lijun has been appointed as non-executive director of the Company with effect from 30 March 2023. Mr. SUN Lijun, aged 40, a senior accountant with the qualifications of certified public accountant and certified tax agent of the PRC.

He graduated from Nankai University with a Bachelor's Degree in Management major in Accounting in 2004 and a Master's Degree in Management major in Accounting in 2006. Prior to joining the Company, Mr. Sun has been in financial related roles with several companies including China Unicom Corporation Limited, Tianjin Branch, China Telecom Corporation Limited, Tianjin Branch, CECEP (Tianjin) Investment Group Co. Ltd. and the property rights administrative office of China Shenhua Energy Company Limited.

He had also served as supervisor of the finance department of China Nuclear (Tianjin) Machine Co. Ltd. and financial controller of Shanghai Huayi Jinjia Development Co. Ltd. Mr. Sun joined TEDA Industrial since 2019 and has worked in various roles including deputy head of assets management department and head of finance department of TEDA Industrial and Tsinlien.

He is currently the financial controller of TEDA Industrial and Tsinlien, both being controlling shareholders of the Company, as well as a director of certain subsidiaries of TEDA Industrial. Mr. Sun has extensive experience in financial and treasury management. The Board announced that Mr. Lau Ka Keung has been appointed as independent non-executive director as well as a member of each of the audit committee, the nomination committee and the remuneration committee of the Company and that Mr. Sin Hendrick has been appointed as independent non-executive director as well as a member of each of the audit committee, the nomination committee and the investment committee of the Company, both with effect from 30 March 2023.

Mr. LAU Ka Keung, BBS, MH, JP, aged 47, received his bachelor's degree in information technology from Manchester Metropolitan University, the United Kingdom in July 1997 and obtained his master's degree in business administration from University of Leicester, the United Kingdom in July 2008. Mr. Lau is a deputy of Hong Kong to the 14th session of National People's Congress of the PRC, an executive committee member of the 15th session of Tianjin Municipal Committee of the Chinese People's Political Consultative Conference and the vice chairman of Tianjin Federation of Industry and Commerce. He has served as a member of the 13th session of National Committee of the Chinese People's Political Consultative Conference, executive committee member of the 14th session of Tianjin Municipal Committee of Chinese People's Political Consultative Conference, executive member of the 13th session of All-China Youth Federation as well as the chairman of the 28th session of Hong Kong United Youth Association.

Mr. Lau has extensive experience in business management. He is an executive director and chief executive officer of Million Cities Holdings Limited, an independent non-executive director of OrbusNeich Medical Group Holdings Limited and had served as a non-executive director of Nameson Holdings Limited. Mr. SIN Hendrick, MH, aged 48, received his triple bachelor's degrees in computer science/mathematics, economics and industrial management from Carnegie Mellon University in May 1996 and graduated from Stanford University with a master's degree in engineering-economic systems and operations research in June 1997.

Mr. Sin is a deputy of Hong Kong to the 14th session of the National People's Congress of the PRC and an executive committee member of the 15th session of Tianjin Municipal Committee of Chinese People's Political Consultative Conference. He is the president of the Internet Professional Association, the executive vice-chairman of the Hong Kong Software Industry Association and a member of the Hong Kong Institute of Directors. Mr. Sin has also been appointed by the Hong Kong Government as a director of Hong Kong Cyberport Management Company Limited.

Mr. Sin has extensive experience in corporate management, finance and investment banking. He is a co-founder, executive director and vice chairman of CMGE Technology Group Limited and also the founding and managing partner of China Prosperity Capital Fund, a leading venture capital firm with a primary focus on technology investment. Mr. Sin is currently an independent non-executive director of Evergreen Products Group Limited, Hong Kong Economic Times Holdings Limited and China Tower Corporation Limited.

He is also an independent director of 36 Kr Holdings Inc., and a non-independent director of Suning.com Group Co., Limited. The Board further announced that Ms. Ng Yi Kum, Estella, an independent non-executive director of the Company, has been appointed as a member of the remuneration committee of the Company with effect from 30 March 2023.