The board of directors (the "Directors") of Huasheng International Holding Limited announced that, with effect from 1 April 2024, Mr. Chan Kin Lung ("Mr. Chan") has tendered his resignation as the executive Director and chief investment officer of the Company as to dedicate more time to his personal commitments. The Board further announces that, with effect from 1 April 2024, Mr. Li Kwok Tai, James has tendered his resignation as the independent non-executive Director and member of each of the audit committee (the "Audit Committee"), nomination committee (the "Nomination Committee") and remuneration committee (the "Remuneration Committee") of the Company as to dedicate more time to his personal commitments. The Board hereby announces that, with effect from 1 April 2024, Ms. Zhu Xiaojia ("Ms. Zhu") has been appointed as the independent non-executive Director and member of
each of the Audit Committee, Nomination Committee and Remuneration Committee. The biography of Ms. Zhu is set out below: Ms. Zhu, aged 37, has been appointed as the independent non-executive Director and member
of each of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 1 April 2024. Ms. Zhu holds a degree of Logistics Management from the Jilin University of Finance and Economics. Ms. Zhu also obtained training certificate for the secretary to the board of directors issued by Shanghai Stock Exchange. Prior to joining the Group, Ms. Zhu has extensive experience in project management in motor industry and manufacturing industry in the People's Republic of China.