Sihuan Pharmaceutical Holdings Group Ltd. announced that Mr. Choi Yiau Chong (Mr. Choi) intends to serve as a senior management in the headquarters of other business platforms of the Group and continues serving the Group with his rich professional experience, to implement the adjustment on the Group's organizational structure and accelerate the update and development of business. Mr. Choi will resign as an executive director of the Company, and cease to serve as the chairman of the risk management committee, a joint company secretary and an authorised representative for the acceptance of service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") of the Company due to such work rearrangement with effect from 17 October 2022. Meanwhile, Mr. Choi has ceased to serve as the chief financial officer of the Company. Ms. Miao Guili (Ms. Miao) will be appointed as an executive director of the company with effect from 17 October 2022. Ms. Miao has also been appointed as the chief financial officer of the company. Ms. Miao Guili, aged 49, is the deputy chief executive officer and chief investment officer of the Company. Ms. Miao has over 15 years of management and investment experience in the PRC pharmaceutical industry, and had held senior management positions as the general manager, deputy general manager, chief financial officer, etc., respectively, in various well- known enterprises, such as China Resources Pharmaceutical Group Limited, Top Spring International Holdings Limited and Edding Group Company Limited, for more than 10 years. Ms. Miao obtained a Master of Business Administration from the University of Hong Kong. She is a Chartered Certified Accountant (CA) of the Institute of Singapore Chartered Accountants (ISCA), a fellow member of each of the Association of Chartered Certified Accountants (FCCA), the Chartered Institute of Management Accountants (CIMA) and the Chartered Global Management Accountants (CGMA). Ms. Chen Yanling (Ms. Chen), the executive director of the Company, will be appointed as the chairman of the Risk Management Committee, and Ms. Miao will be appointed as a member of the Risk Management Committee, with effect from 17 October 2022. Ms. Chen will be appointed as the joint company secretary and the Process Agent, with effect from 17 October 2022, to succeed Mr. Choi. Ms. Mok Ming Wai ("Ms. Mok"), another joint company secretary, will also resign as the joint company secretary and the Process Agent, with effect from 17 October 2022, due to work arrangement, and Mr. Li Kin Wai ("Mr. Li") will succeed Ms. Mok. Ms. Chen Yanling, aged 44, is the executive director and the person in charge of the secretariat of the Board of the Company and was appointed to the Board on 20 April 2018. Her main responsibilities are to manage all matters on the Board, the daily matters relating to the listing of the Company and matters on the management of the Group in Hong Kong, Macau and
overseas companies. She joined the Group in March 2006 and served as an assistant to the Chairman of the Group and the secretary of the Board, and has been serving the Group for 16 years. Prior to joining the Group, she worked as an English translation officer at the information centre of Guangzhou Tourism Bureau in 2001. In 2002, she worked as an assistant to general manager at Yip's Ink & Chemicals (Zhongshan) Company Ltd. and was in charge of the daily management of the general manager's office as well as planning and promotion. In 2004, she worked as an assistant to the president of Guangzhou Culturecom Company Ltd. and was in charge of the daily management of the president's office, formulation and execution of the budget for planning cost, media resources integration and development, and maintenance, etc. Mr. Li Kin Wai is currently a manager of the Corporate Services Division of Tricor Services
Limited ("Tricor"), an integrated provider offering business, corporate and investor services. Mr. Li has over 10 years of experience in the corporate secretarial field and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Mr. Li is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly The Institute of Chartered Secretaries and Administrators). Mr. Li meets the requirements of company secretary under Rule 3.28 of the Listing Rules.