The board of directors of Zall Smart Commerce Group Ltd. announced the following changes in composition of the Board. With effect from 1 January 2024, Mr. Xia Lifeng (Mr. Xia) will resign as an executive Director due to he wishes to devote more time to his other work and personal commitment. With effect from 1 January 2024, Ms. Fan Xiaolan (Ms. Fan) will be appointed as an executive Director.

The biographical details of Ms. Fan are as follows: Ms. Fan, aged 54, joined the Group in May 2022, is the chairlady of North Hankou Group Ltd., a subsidiary of the Company, and is primarily responsible for the operation and day-to-day management of the North Hankou business of the Group. Ms. Fan has over 15 years of experience in corporate strategy and operations management. Prior joining the Group, Ms. Fan served as vice president of Hubei Yihua Group Ltd.* () during 2008 to 2012, and served as deputy secretary and mayor of the Municipal Party Committee of Dangyang Municipal Government during 2007 to 2008, she also served as secretary of the Youth League Committee and secretary of the Party Leadership Group of Yichang City during 2003 to 2007.

Ms. Fan is a member of the board of supervisors of Wuhan Huazhong CNC Co. Ltd., which is listed on the Shenzhen Stock Exchange, since April 2021, and re-designated as the chairlady of the board of supervisors since April 2022. She is also a member of the board of supervisors of Hanshang Group Co.

Ltd., which is listed on the Shanghai Stock Exchange, since March 2022. Further, since 2012, Ms. Fan has served as a director of Zall Holdings Ltd. a company held as to 99.95% as of the date of this announcement by Mr. Yan Zhi, an executive Director. Ms. Fan obtained a master degree in Executive Master of Business Administration (EMBA) from Cheung Kong Graduate School of Business in 2015.