The Board of Xinji Shaxi Group Co. Ltd. announced that Mr. Chen Tusheng ("Mr. Chen") has retired as an independent non-executive Director after the conclusion of the AGM in accordance with Article 108 of the Articles of Association and did not offer himself for re-election at the AGM. Mr. Chen also ceased to be a member of the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company. The Board further announces that Mr. Zheng Decheng, an independent non-executive Director, has been appointed as a member of the Remuneration Committee and the Nomination Committee with effect from the date of this announcement.