Fosun International Limited Announces Executive Changes

Fosun International Limited announced the change of directors and executive positions and change of the composition of Board committees of the Company: Mr. Wang Qunbin, an Executive Director of the Company, has been re-designated as the Co-Chairman of the Company and has ceased to be the CEO of the Company; Mr. Chen Qiyu, an Executive Director of the Company, has been re-designated as the Co-CEO of the Company and has ceased to be the Co-President of the Company; Mr. Xu Xiaoliang, an Executive Director of the Company, has been re-designated as the Co-CEO of the Company and has ceased to be the Co-President of the Company; Mr. Gong Ping, an Executive Director of the Company, has been appointed as the CFO of the Company and has ceased to be the CEO of Fosun Hive; Mr. Xue Linnan has ceased to be the CFO of the Company and has been re-designated as the Vice Chairman of Fosun Hive; Mr. Zhang Houlin, the Senior Vice President of the Company, and Mr. Zhang Ligang, the General Manager of Financial Management Department of the Company, have been appointed as the Co-CFOs of the Company; Mr. Yang Chao has resigned as an Independent Non-Executive Director, the Chairman of the ESG Committee and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company due to his age; and Dr. Lee Kai-Fu, an Independent Non-Executive Director of the Company, has been appointed as the Chairman of the ESG Committee of the Company. The mentioned changes and appointments have become effective from 21 February 2020. Resignation of Mr. Yang Mr. Yang has resigned as an Independent Non-Executive Director, the Chairman of the ESG Committee and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 21 February 2020 due to his age.

Mr. Yang has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.