Shenguan Holdings (Group) Limited announced that Mr. Shi Guicheng and Mr. Yang Xiaohu have retired as directors of the Company at the conclusion of the AGM held on 31 May 2023 pursuant to the Articles of Association of the Company. Mr. Yang Xiaohu will also cease to be a member of each of the Audit Committee of the Company, the Remuneration Committee of the Company and the Nomination Committee of the Company, with effect from the conclusion of the AGM. The Board announced that the appointments of each of Mr. Sha Junqi (Mr. Sha) and Mr. Li Chenglin (Mr. Li) as an executive Director; and Mr. Zhou Xiaoxiong (Mr. Zhou) as an independent non-executive Director were duly approved by the Shareholders at the AGM.

The term of office of each of Mr. Sha, Mr. Li and Mr. Zhou shall commence at the date of the AGM. Mr. Zhou will also be appointed as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with immediate effect.