The board of directors of Sanxun Holdings Group Limited announced: (i) the resignation of Mr. Chen Sheng as an independent non-executive Director and a member of the audit committee and the nomination committee of the Company; and (ii) the resignation of Mr. Wang Zizhong as an executive Director, both with effect from 10 July 2024, as each of Mr. Chen and Mr. Wang would like to devote more time to his other personal endeavors. The Board further announces: (i) the appointment of Mr. Gao Bo as an independent non-executive Director and a member of the Audit Committee and the Nomination Committee; and (ii) the appointment of Mr. Tao Qingchen as an executive Director, both with effect from 10 July 2024. Mr. Gao, aged 62, has been serving as executive vice president of Anhui Real Estate Chamber of Commerce since June 2014.

From July 2009 to August 2017, Mr. Gao worked at Anhui Gaosu Real Estate Group Co. Ltd., a company principally engaged in the development and sale of real estate properties, and had successively served as its (i) head of general engineering office; regional manager and manager of project company; (ii) deputy general manager; (iii) executive deputy general manager; and (iv) managing director. From September 2017 to October 2021, Mr. Gao served as the deputy chief economist of Anhui Transportation Holding Group Co.

Ltd., a company principally engaged in among others, highway operation, real estate development, sale of gasoline and diesel oil and provision of engineering services. Mr. Gao graduated from Army Engineering University of PLA in July 1983, majoring in project construction. In October 2001, Mr. Gao completed in-service training at the Graduate School of Chinese Academy of Social Sciences.

In December 2009, Mr. Gao completed Real Estate Business Administration Executive Officer Class of Fudan University. Mr. Tao, aged 36, has been serving as the vice general manager of the design department of the Group since October 2021, responsible for the design management of the Group's projects. From June 2014 to October 2021, Mr. Tao has successively served as project manager and design manager of the Group.

From April 2010 to May 2014, Mr. Tao served as an engineer at China Construction Engineering Design and Research Institute Co. Ltd., a company principally engaged in, among others, the provision of construction and design services. Mr. Tao graduated from Hefei University in April 2010 with a bachelor's degree in civil engineering.

Mr. Tao has entered into a service contract with the Company in respect of his appointment as an executive Director for a term of three years commencing from 10 July 2024 and is subject to retirement by rotation and re-election at the annual general meeting of the Company at least once every three years in accordance with the articles of association of the Company. He is entitled to a director's fee of RMB264,600 per annum for his directorship in the Company, which was determined by the Board on the recommendation of the remuneration committee of the Company with reference to his qualifications, experience, duties and responsibilities, as well as the prevailing market conditions.