Tianli International Holdings Limited announced that each of Mr. Zhang Wenzao and Mr. Pan Ping has been appointed as a non-executive Director with effect from April 25, 2023. Mr. Zhang, aged 65, has extensive experience in banking and finance. He was the assistant to the president of the Shekou sub-branch of China Merchants Bank from December 1992 to December 1993, the credit section chief of the Shekou/Shenzhen Nanshan sub-branch of China Construction Bank from December 1993 to December 1996, the corporate section chief of the Shenzhen branch of Bank of China from January 1997 to May 2001.

Mr. Zhang has served as the chief financial officer of Shenzhen Suozhida Industrial Co. Ltd. from December 2002 to May 2015. He has also served as the chairman of the board of directors of Shenzhen Hirisun Technology Inc. from June 2015 to July 2018.

Mr. Zhang graduated from Beijing Jiaotong University in 1982 and from the graduate school of management, State University of New York in 1986. Mr. Zhang became a senior economist in 1995. Mr. Zhang as a non-executive Director will sign an appointment letter issued by the Company for a term of three years, with effect from his date of appointment.

Under the appointment letter, Mr. Zhang is entitled to an annual director's remuneration of RMB100,000. Pursuant to the articles of association of the Company, Mr. Zhang will hold office as a non-executive Director until the first annual general meeting of the Company after his appointment and will be subject to re-election at such meeting. Thereafter, Mr. Zhang's appointment is subject to the provisions of retirement and rotation of Directors under the Articles and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Mr. Pan, aged 67, has extensive experience in business administration and development. He was the vice chief director of Chongan District, Wuxi City, Jiangsu Province from May 1996 to April 2003. He served as vice general manager of Red Star Macalline Group Corporation Ltd., the H shares of which are listed on the Main Board of the Stock Exchange on 26 June 2015 and the A shares of which are listed on the Shanghai Stock Exchange on 17 January 2018, from December 2010 to December 2016.

Mr. Pan served as president of Red Star Macalline Holding Group Company Limited from May 2017 to October 2022. He has also been a director of Shenzhou Tianli Education Investment Co. Ltd. since December 2015.

Mr. Pan graduated from the Junior College of the Party School of the Central Committee of the Communist Party of China in September 1985. He has been studying the Business Scholar Program (DBA) at Cheung Kong Graduate School of Business since 2018. Mr. Pan became a senior economist in August 1990.

Mr. Pan was named as an outstanding entrepreneur in Wuxi in 1990 and 1991, respectively. Mr. Pan as a non-executive Director will sign an appointment letter issued by the Company for a term of three years, with effect from his date of appointment. Under the appointment letter, Mr. Pan is entitled to an annual director's remuneration of RMB100,000.

Pursuant to the Articles, Mr. Pan will hold office as a non-executive Director until the first annual general meeting of the Company after his appointment and will be subject to re-election at such meeting. Thereafter, Mr. Pan's appointment is subject to the provisions of retirement and rotation of Directors under the Articles and the Listing Rules.