The board of directors of JiaChen Holding Group Limited announces that Mr. Chen Shiping ("Mr. Chen") has resigned as the chief executive officer of the Company (the "CEO") with effect from 1 May 2023, due to his other working commitments which require more of his dedication. Mr. Chen will remain as the executive Director of the Company. The Board announced that Ms. Liu Hui, an existing executive Director, has been appointed to replace Mr. Chen as the CEO with effect from 1 May 2023.

Ms. Liu, aged 38, joined the Group as a procurement manager of (JiaChen Floor Changzhou Co. Ltd.) from September 2009 to February 2020. She was appointed as the deputy general manager of JiaChen Floor in March 2020 and promoted as an executive Director with effect from 2 July 2020.

Ms. Liu is responsible for overseeing the management, procurement and oversea sales of the Group. She studied e-commerce in (Changzhou Occupational University) from September 2002 to July 2005 and obtained a graduation diploma in July 2005. Ms. Liu is the spouse of Mr. Shen Minghui, an executive Director and a substantial Shareholder; the daughter-in-law of Mr. Shen Min, Chairman, an executive Director and a controlling Shareholder, and Ms. Zhang Yaying; and the cousin-in-law of Ms. Zhang Lingyan, senior management of the Group.

Ms. Liu has entered into a service contract with the Company for a term of three years.