Springland International Holdings Limited Announces Resignation of Wang Shuaiting as Independent Non-Executive Director, Member of the Audit Committee, Remuneration Committee and Nomination Committee

Springland International Holdings Limited is an investment holding company principally engaged in the operation of department stores and supermarkets in Mainland China. The Company operates its business through two segments: Department Store segment and Supermarket segment. The Company's subsidiaries include Springland International Group Company Limited, Novel Vanguard Investment Limited and Springland International Enterprises Limited. Through its subsidiaries, the Company is also engaged in the provision of technology service.