The board of directors of Zhongshi Minan Holdings Limited announced that Ms. YANG Ruiping resigned as the chief financial officer of the Company with effect from 13 September 2023 due to her other work commitments. The Company is in the process of identifying suitable candidate to fill the vacancy of the chief financial officer as soon as practicable. During this transitional period, Mr. FENG Wei, co-chairman and executive director of the Company who possess of the relevant financial expertise, will temporarily oversees the operation of the finance department until a suitable candidate is appointed as the chief financial officer of the Company.

As such, the resignation of Ms. Yang will not affect the daily operation of the Company.