The board of directors of Jiangnan Group Limited announced that effective June 24, 2021, Mr. Fok Ming Fuk has been appointed as (i) an independent non-executive Director; and (ii) the chairman of the audit committee of the Board and a member of each of the nomination committee and the remuneration committee of the Board. Mr. Fok has been appointed as an independent non-executive Director for a term of three years with effective June 24, 2021, unless terminated by no less than one month's notice in writing served by either party.