The board of director of GUSHENGTANG HOLDINGS LIMITED announced that, with effect from August 21, 2023, Mr. Xu Yongjiu ("Mr. Xu") has tendered his resignation as a non-executive Director due to change of work arrangement. The Board hereby announces that, Ms. Xie Xiaoping ("Ms. Xie") has tendered her resignation as a joint company secretary of the Company (the "Joint Company Secretary") with effect from August 21, 2023 due to the change of her position within the Group. The Board further announces that Mr. Yu Peng ("Mr. Yu"), the legal director of the Company, has been concurrently appointed as a Joint Company Secretary to replace Ms. Xie with effect from August 21, 2023. Ms. Ho Yin Kwan ("Ms. Ho"), who meets the requirements under Rules 3.28 and 8.17 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"), currently the other Joint Company Secretary, will continue to act as a Joint Company Secretary and will continue to perform and discharge the duties of a company secretary under the Listing Rules. Mr. Yu, aged 34, is a legal director of the Company. Mr. Yu joined the Group in August 2021 and has served as deputy legal director and legal director successively since then, mainly responsible for legal compliance, affairs of the Board and corporate governance of the Group. Prior to joining the Group, Mr. Yu served as an associate at Grandall Law Firm (Guangzhou) from June 2015 to October 2019 and at King & Wood Mallesons (Guangzhou) from November 2019 to July 2021. He has received systematic law undergraduate and postgraduate education since September 2008 and obtained his master's degree in law in June 2015 from Xiamen University. He passed the National Judicial Examination in the PRC and obtained his legal professional qualification in September 2012. Ms. Ho was appointed as one of the Joint Company Secretaries on July 5, 2022. Ms. Ho is a vice president of SWCS Corporate Services Group (Hong Kong) Limited. She has over 20 years of professional experience in corporate secretarial field and has been providing corporate secretarial services to both listed and private companies incorporated in Hong Kong and overseas. Ms. Ho holds a bachelor's degree in business and finance from the
University of Portsmouth and a master's degree in corporate governance from the Open University of Hong Kong (currently known as Hong Kong Metropolitan University). Ms. Ho is a member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.