Xinji Shaxi : RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER AND CHANGE OF AUTHORISED REPRESENTATIVE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3603)

RESIGNATION OF EXECUTIVE DIRECTOR AND

CHIEF FINANCIAL OFFICER

AND

CHANGE OF AUTHORISED REPRESENTATIVE

RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER AND CHANGE OF AUTHORISED REPRESENTATIVE

The board of directors (the "Board") of the Company hereby announces that Ms. Jin Chunyan ("Ms. Jin") has tendered her resignation as an executive director and the chief financial officer of the Company and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") with effect from 28 April 2021 so as to allow her to devote more time to her personal matters. Following her resignation, Ms. Jin will serve as a consultant of the Company without any remuneration.

Ms. Jin has confirmed to the Company that she has no disagreement with the Board and there are no other matters that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in respect of her resignation.

In addition, the Board announces that Mr. Mei Zuoting, an executive director of the Company, has been appointed in place of Ms. Jin as the Authorised Representative with effect from 28 April 2021.

The Board would like to take this opportunity to express its gratitude to Ms. Jin for her valuable contributions to the Company during her term of service.

By order of the Board

Xinji Shaxi Group Co., Ltd

Cheung Hon Chuen

Chairman

Guangzhou, PRC, 28 April 2021

As at the date of this announcement, the Board comprises Mr. Cheung Hon Chuen as chairman and executive Director; Mr. Mei Zuoting and Mr. Zhang Weixin as executive Directors; Mr. Yu Xuecong, Mr. Lin Lie and Ms. Wang Yixue as non-executive Directors; and Dr. Liu Eping, Mr. Chen Tusheng, Mr. Tan Michael Zhen Shan and Mr. Zheng Decheng as independent non- executive Directors.