As Mr. Hu Xiayu did not offer himself for re-election as a non-executive Director at the 2021 Annual General Meeting following the expiry of his term of office, he has retired as a non- executive Director with effect from the conclusion of the 2021 Annual General Meeting. Upon Mr. Hu's retirement, he ceased to be the deputy chairman of the Board, a member of the Audit Committee and the chairman of the strategic development committee of the Company (the "Strategic Development Committee"). The Board announced that Mr. Xu Baochun ("Mr. Xu") has been appointed as a non- executive Director for a term of three years from the date of the 2021 Annual General Meeting to the conclusion of the annual general meeting of the Company for the year ending 31 December 2024 (both days inclusive). Mr. Xu has also been appointed as the deputy chairman of the Board, a member of the Audit Committee and the chairman of the Strategic Development Committee. As Ms. Li Lijuan ("Ms. Li"), a Shareholder representative Supervisor, did not seek for re-election
as a Supervisor, following the expiry of her term of office, she has retired as a Supervisor with
effect from the conclusion of the 2021 Annual General Meeting. Ms. Li has confirmed that she
has no disagreement with the Board and there is no matter relating to her retirement that will need
to be brought to the attention of the Shareholders. The Board announced that Mr. Wu Jiacun ("Mr. Wu") has been appointed as a Supervisor for a term of three years from the date of the 2021 Annual General Meeting to the conclusion of the annual general meeting of the Company for the year ending 31 December 2024 (both days inclusive).