The board of directors of Zhongsheng Group Holdings Limited announced that, due to age reason, Mr. Du Qingshan has resigned as a joint chief financial officer of the company as part of his gradual retirement plan. Following such resignation, Mr. Du continues to act as an executive director of the Company and chairman of the compliance committee of the Board. The Board further announced that the Board has appointed Ms. Yu Ning as a Joint Chief Financial Officer in place of Mr. Du. Ms. Yu previously worked as an auditor in Deloitte Touche Tohmatsu Certified Public Accountants LLP from July 2007 to May 2013. She then worked as a finance director in Dalian Yuanyang Yuye Jinqiang Yudiao Co. Ltd. from May 2013 to December 2018. She has joined the company as a general manager of the finance department since January 2019.