The board of directors of Zhongsheng Group Holdings Limited announced that with effect from 27 March 2024: Ms. Yu Ning (``Ms. Yu'') has been appointed as an executive director of the Company; and Ms. Zhou Xin (``Ms. Zhou'') has been appointed as an executive director of the Company. YU Ning, aged 40, was appointed as vice-president and joint chief financial officer of the Company on 11 May 2021. Ms. Yu previously worked as an auditor in Deloitte Touche Tohmatsu Certified Public Accountants LLP from July 2007 to May 2013.

Ms. Yu then worked as a finance director in Dalian Yuanyang Yuye Jinqiang Yudiao Co. Ltd. from May 2013 to December 2018. Ms. Yu has joined the Company as a general manager of the finance department since January 2019.

Ms. Yu graduated from East China University of Science with a bachelor's degree in Accounting in July 2006 and received a Master of Business Administration degree from Dalian Maritime University in July 2017. ZHOU Xin, aged 44, joined the Group in 2004 and currently serves as vice-president of the Group and general manager of the operations management centre of the Group, primarily responsible for the after-sales and accessories business and operations of the Group. Ms. Zhou served as front desk supervisor of Dalian Zhongsheng Nissan Automobile Sales & Services Co.

Ltd. from October 2004 to May 2010, and subsequently served as after-sales service manager of Dalian Zhongsheng Botong Automobile Sales & Services Co. Ltd. from June 2010 to July 2012. Ms. Zhou served as vice general manager of Dalian Zhongsheng Nissan Sales & Services Co.

Ltd. from August 2012 to January 2013. From January 2013 to December 2013, she served as senior finance and insurance manager of the Group, primarily responsible finance and insurance affairs. From January 2014 to January 2015, she served as regional director of after-sales services of the Group, leading the Group in promoting its automobile after-sale services.

From January 2015 to February 2016, she served as general manager of Zhongsheng (Tian Jin) Insurance Sales & Co. Ltd., and was primarily responsible for handling insurance affairs of the company. From March 2016 to February 2017, she served as general manager of Dalian Zhongsheng Yingbin Toyota Sales & Services Co.

Ltd. She served as executive director of Zhongsheng (Tian Jin) Insurance Sales & Co. Ltd. from December 2017 to November 2020. Ms. Zhou also served as general manager of the Volvo brand of the Group from January 2018 to February 2020 and head of the after-sale management department of the Group from February 2020 to October 2020.

Ms. Zhou obtained a bachelor's degree in electronic commerce from Dongbei University of Finance and Economics in 2007, and was named an `Outstanding Businessperson' among a group of businesspersons for her contribution to the development of the Binhai New District, Tianjin in 2019.