Zhongsheng Group Holdings Limited announced Mr. Yu Guangming (Mr. Yu) and Mr. Si Wei (Mr. Si) would retire by rotation at the AGM held on June 10, 2020 and did not offer themselves for re-election due to their retirement. Accordingly, Mr. Yu and Mr. Si retired as executive directors of the Company with effect from the conclusion of the AGM. Meanwhile, Mr. Yu and Mr. Si retired as chairman and member of the risk committee of the Company respectively. The Board announced that Mr. Li Guohui (Mr. Li) and Mr. Tang Xianfeng (Mr. Tang) have been appointed as executive directors of the Company with effect from the conclusion of the AGM. The Board further announces that Mr. Li and Mr. Huang Yi have been appointed as chairman and member of the risk committee of the Company respectively with effect from the conclusion of the AGM.