Changhong Jiahua Holdings Limited announced that Board meeting of the Company held on 10 August 2023, due to his other business commitments, Mr. Pan Xiaoyong has resigned as an executive Director. With effect from the conclusion of the Board meeting of the Company held on 10 August 2023, Mr. Shao Min has been appointed as an executive Director. Mr. SHAO Min, aged 40, is a director of Changhong Huayi Compressor Co.

Ltd. He is also the chairman of the board of supervisors of Changhong Meiling Co. Ltd., and the head of the capital operations department of Sichuan Changhong Holding, and serves in various positions within the Sichuan Changhong Electronics Group. From March 2018 to June 2019, he served as a director of Sichuan Changhong Cloud Computing Co.

Ltd., a subsidiary of the Company. He received his Bachelor's Degree in Management from Xi'an Jiaotong University in July 2004. He has over 19 years of experience in the field of finance and possesses a wealth of professional experience in capital operations.