The board of directors of Glory Sun Financial Group announced that due to his other business commitments, Mr. Yao Jianhui has tendered his resignation as an executive Director of the Company, the chairman of the Board of the Company, the chief executive officer of the Company, the chairman of the nomination committee of the Company, a member of the remuneration committee of the Company, the chairman of the strategic committee of the Company, the chairman of the investment committee of the Company and an authorized representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited with effect from 20 April 2023. The Board of the Company announces that Mr. Huang Wansheng has been appointed as an executive Director of the Company, the chairman of the Board, the chief executive officer of the Company, the chairman of the Nomination Committee, a member of the Remuneration Committee, the chairman of the Strategic Committee, the chairman of the Investment Committee and an Authorized Representative for the purpose of Rule 3.05 of the Listing Rules with effect from 20 April 2023. Mr. Huang, aged 42, graduated from the University of Science and Technology Beijing with a degree in Metal Material Engineering.

He has extensive experience in corporate management. From August 2022 to October 2022, he served as a deputy general manager of Shenzhen Sunray Group Co. Ltd. From February 2018 to April 2020, he served as a director of CRM (HONG KONG) TRADING LIMITED.

From April 2014 to August 2022, he served as a deputy general manager of CRM (HONG KONG) HOLDINGS LIMITED.