The board of directors of Shanghai Gench Education Group Limited announced that, effective from 27 December 2023: Mr. Zhou Xingzeng (``Mr. Zhou'') has resigned as the chairman of the Board, an executive Director and the chairman of the nomination committee of the Company due to his health reasons. He will remain as the chairman of the board of directors of Shanghai Jianqiao (Group) Co., Limited (``Jian Qiao Group'') and Shanghai Jian Qiao University Co., Limited (``Shanghai Jian Qiao University'') and an executive director of Shanghai Jian Qiao Investment Development Co., Limited (``Jian Qiao Investment''); Mr. Zheng Xiangzhan (``Mr. Zheng'') has resigned as an executive Director, a member of the remuneration committee due to age reason. He will remain as the chief executive officer of the Company, the vice chairman and director of Jian Qiao Group, a supervisor of Jian Qiao Investment and the vice chairman of the board of directors of Shanghai Jian Qiao University; and Mr. Shi Yinjie (``Mr. Shi'') has resigned as an executive Director of the Company due to age reason.

He will remain as the vice chairman and director of Jian Qiao Group and a director of Shanghai Jian Qiao University. The Board announced that Mr. Zhao Donghui (``Mr. Zhao'') has been re-designated from a non-executive Director to an executive Director, and has been appointed as the chairman of the Board and the chairman of the nomination committee of the Company, effective from 27 December 2023. Mr. Zhao Donghui, aged 57, joined the Group as a shareholder of Jian Qiao Group, an affiliated entity of the Company, in March 2018 and was appointed as a non-executive Director of the Company on 20 December 2018.

He is responsible for providing opinion and judgment to the Board, and will be responsible for the overall management and strategic development of the Group after assuming the role of executive Director. Mr. Zhao is also a substantial shareholder of the Company. Key work experience of Mr. Zhao: October 2003 to present - Zhejiang Fangzhen Industrial Co.

Limited ? Chairman; January 2010 to present - Changjiu Industry Group Co. Limited ?

Chairman; December 2018 to 26 December 2023 - the Company - Non-Executive Director. Mr. Zhao obtained the qualification as a senior economist granted by Zhejiang Province Human Resources Bureau, currently known as Zhejiang Province Human Resources and Social Security Department, in December 2005. He graduated as an undergraduate in civil engineering from Southwest University of Science and Technology in Sichuan Province, the People's Republic of China in January 2006.

The Board further announced that, effective from 27 December 2023: Mr. Ding Zheyin (``Mr. Ding'') has been appointed as an executive Director, a member of the remuneration committee; and each of Mr. Ye Qionghai (``Mr. Ye'') and Ms. Zhao Jiaqiao (``Ms. Zhao'') has been appointed as a non-executive Director of the Company. Mr. Ding Zheyin, aged 37, joined the Group as the financial controller on 2 March 2023. He graduated with a Bachelor of Arts degree (English) from Northeastern University in 2008 and obtained his Master of Applied Commerce (accounting) from the University of Melbourne in 2010.

Mr. Ding has been a member of the Chinese Institute of Certified Public Accountants since 2016. Key work experience of Mr. Ding: October 2010 to July 2016 - PwC Business Consulting (Shanghai) Co., Limited., Xiamen Branch - Auditor/senior auditor/manager; August 2016 to July 2019 - PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership) - Manager/senior manager; August 2019 to June 2021 - PricewaterhouseCoopers Zhong Tian LLP (Special General Partnership), Xiamen Branch - Senior manager; June 2021 to February 2023 - Ping An Insurance (Group) Company of China Ltd. - Financial manager; March 2023 to present - the Company - Financial controller. Mr. Ye Qionghai, aged 49, joined the Group as a non-executive Director on 27 December 2023.

He graduated as an undergraduate in Finance from Xidian University in 2018. Key work experience of Mr. Ye: January 1998 to present - Wenzhou Dongtou Real Estate Development Co., Limited. ?

Partner; January 2007 to present - Taizhou Yongzhen Real Estate Co., Limited. - Chairman and Partner; August 2014 to present - Shanghai Shanggu Asset Management Co., Limited. ?

Chairman. Ms. Zhao Jiaqiao, aged 28, joined the Group as a non-executive Director on 27 December 2023. She graduated with a Bachelor of Science degree (Management Science) from University College London in 2018 and obtained her Master of Science (Project and Enterprise Management) from the University College London in 2020.

Key work experience of Ms. Zhao: January 2021 to September 2021 - Shanghai Changjiu Real Estate Development Co., Limited. ? Investment manager; October 2021 to present - Changjiu Industry Group Co.

Limited - Deputy general manager.