The Board of StarGlory Holdings Company Limited announced that Mr. Huang Chao has resigned as an executive Director and the chairman of the Board with effect from 13 October 2022 in order to devote more time to his other business commitment. Following the resignation of Mr. Huang, Ms. Huang Li has been appointed as an executive Director and the chairlady of the Board with effect from 13 October 2022. Ms. Huang Li, aged 59, obtained a bachelor degree in highway engineering from the department of highway of Chang'an University (formerly known as Xi'an Highway Institute) in July 1983.

Ms. Huang also completed the EMBA program at Cheung Kong Graduate School of Business in September 2019. From November 2012 to September 2015, Ms. Huang was a director (re-designated as an executive director in June 2013) of Beijing Enterprises Clean Energy Group Limited. Ms. Huang has more than 19 years of experience in the paper packaging industry in the PRC.

Following the resignation of Mr. Huang, he will cease to be the chairman of nomination committee of the Board, a member of remuneration committee of the Board and a member of the corporate governance committee of the Board. Subsequent to the appointment of Ms. Huang as an executive Director and the chairlady of the Board, Ms. Huang has been appointed as the chairman of nomination committee of the Board, a member of remuneration committee of the Board and a member of the corporate governance committee of the Board. The Board further announced that with effect from 13 October 2022, Mr. Huang has ceased to be an Authorized Representative and Compliance Officer and Ms. Huang has been appointed as an Authorized Representative and Compliance Officer.