The board of directors of Sun Art Retail Group Limited announced the following appointment of directors with effect from 22 December 2020: Mr. LIN Xiaohai has been appointed as an executive Director of the Company; Mr. LI Yonghe has been appointed as a non-executive Director of the Company; and Mr. XU Hong has been appointed as a non-executive Director of the Company and a member of the audit committee, the nomination committee and the remuneration committee of the Company. Mr. Lin is currently the vice-president of Alibaba Group Holding Limited. Before joining the Alibaba Group, Mr. Lin served as the head of market strategy for Greater China from September 2013 to September 2014 and vice-president of sales for Greater China from September 2014 to June 2016 at P&G (China) Marketing Co. Ltd. Mr. Li is currently the vice-president of the Alibaba Group and the president of the Tongcheng retail division (a division of the Alibaba Group) since June 2018. Mr. Li has also been serving as a director of Sanjiang Shopping Club Co. Ltd. Before joining the Alibaba Group, Mr. Li served as the vice-president of Yongle (China) Electronics Retail Company Limited from 1999 to 2003, and later as the supply chain director of GOME Retail Holdings Limited. Mr. Xu has joined Alibaba Group since July 2018 and is currently the Deputy Chief Financial Officer of Alibaba Group. He has also been serving as a director or supervisor for various companies of the Alibaba Group. The Board also announces that, following the resignation of Mr. Xavier, Marie, Alain Delom de Mezerac ("Mr. Delom de Mezerac"), Mr. Delom de Mezerac has ceased to be, and Mr. Lin, the newly appointed executive Director, has been appointed as the authorised representative of the Company under Rule 3.05 of the Listing Rules, with effect from 22 December 2020. With effect from 22 December 2020, Mr. Xu has been appointed as a member of the Audit Committee, Nomination Committee and Remuneration Committee.