The Board of China Shenghai Group Limited announced that Mr. Liu Junting will be redesginated as an executive director of the Company and appointed as an authorised representative of the Company and serve as joint-chairman of the Board, Mr. Liu will ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, with effect from 24 June 2022. Mr. Liu Junting, aged 32, was appointed as an Independent Non-executive Director of the Company on 14 January 2020. Before his appointment as Executive Director, Mr. Liu served as the manager of Zhuhai Lvzhou Industrial Limited.

Since October 2019, Mr. Liu Junting was appointed as an independent non-executive director of Moody Technology Holdings Limited. The Board also announced that Ms. Chen Chun will be appointed as Executive Director with effect from 24 June 2022. Ms. Chen Chun, aged 45.

Ms. Chen graduated from Southwest Jiaotong University with a bachelor degree in economic law in 2000, and obtained a master degree in law (litigation law) from Sun Yat-sen University in 2004. Ms. Chen worked as an Attorney in Shenzhen Nanshan District People's Procuratorate from 2004 to 2017. Before joining the Company, Ms. Chen was the legal director of Shenzhen Bowang Technology Co.

Ltd. The Board announced that Ms. Chen Xiaoling has resigned as an Executive Director with effect from 24 June 2022 as she would like to devote more time to develop her personal endeavors. The Board announced that Mr. Li Dongfan has resigned as an Executive Director and Authorised Representative with effect from 24 June 2022 due to his health reasons. The Board announced that Mr. Lin Zhenqing will be appointed as independent non-executive director of the Company, and a member of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee with effect from 24 June 2022.

Mr. Lin Zhenqing, aged 33. Mr. Lin has founded an advertising company whose business covers design, production and advertising agency. Mr. Lin is currently the business manager of Guangdong Share Media Investment Co.

Ltd. (stock code: 833016), which is listed on the National Equities Exchange And Quotations. The Board announced that following the redesignation of Mr. Liu and the appointment of Mr. Lin, Mr. Liu Dajin ceased to be the chairman of the Remuneration Committee but remained as a member of the Remuneration Committee, with effect from 24 June 2022.