The Board of Directors of Shandong Fengxiang Co. Ltd. announced that Ms. Zhao Yinglin has been appointed as an independent non-executive Director as approved by the Shareholders at the AGM by way of an ordinary resolution. Following the appointment of Ms. Zhao as an independent non-executive Director, Ms. Zhao will be appointed as a member of the audit committee and the nomination committee of the Company. The term of office of Ms. Zhao as an independent non-executive Director shall be not more than three years commencing from the date of approval of her appointment by the Shareholders until the expiry of the fourth session of the Board of Directors. The Board of Directors announced that Mr. Zhang Jun ("Mr. Zhang") has been appointed as a Shareholder representative Supervisor as approved by the Shareholders at the AGM by way of an ordinary resolution. Following the appointment of a Shareholder representative Supervisor of the Company, Mr. Zhang will also be appointed as the chairman of the Board of Supervisors. The term of office of Mr. Zhang as a Shareholders representative Supervisor shall commence from the date of approval of his appointment by the Shareholders until the expiry of the term of office of the fourth session of the Board of Supervisors.