The board of directors of Min Xin Holdings Limited announced that, with effect from 29 March 2024, Mr. CHEN Yu, an Executive Director and a member of the Remuneration Committee of the Company, has resigned as a member of the Remuneration Committee of the Company due to age reason and Mr. HUANG Wensheng, the Vice Chairman of the Board and an Executive Director of the Company, has been appointed as a member of the Remuneration Committee. Mr. Chen has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Mr. Huang, aged 55, has been appointed as the Vice Chairman of the Board, an Executive Director and a member of the Executive Committee of the Company since February 2023.

He holds a Bachelor's degree in Economics from Department of Economics and a Master's degree in Business Administration from Department of Business Administration of Xiamen University. He is a Senior Economist in Mainland China. He has extensive experience in banking, financial institutions management and capital operations.

He is currently the assistant to general manager of Fujian Investment & Development Group Co. Ltd. and a director and the chairman of Vigour Fine Company Limited, both are the controlling shareholders of the Company. He is also a director of Xiamen International Bank Co.

Ltd. He has worked in a commercial bank for a long time. He had previously assumed the positions of the principal of Lianban Office, the section chief of the Credit Department and the general manager of Hubin Sub-branch, the general manager of Tongan Sub- branch, the general manager of the Business Department and the Key Accounts Department of Xiamen Branch of Agricultural Bank of China Limited (the "Agricultural Bank"). He was also served as the secretary of the Party Committee and the general manager of the Business Department, the general manager of the Key Accounts Department and the general manager of the Institutional Business Department, the Custody Business Department Fujian Sub-section and the Pension Center Fujian Sub-center of Fujian Provincial Branch of Agricultural Bank.

He was also a senior specialist of Fujian Provincial Branch of Agricultural Bank.