The board (the ?Board?) of directors (the ?Director(s)?) of Xingda International Holdings Limited announced that with effect from 15 January 2024: Mr. Hang Youming (?Mr. Hang?) has been appointed as an executive Director; Mr. Wang Jin (?Mr. Wang?) has been appointed as an executive Director; and Ms. Wang Yu (?Ms. Wang?) has been appointed as an executive Director. Mr. Hang Youming, aged 55, is serving as the vice president of Jiangsu Xingda Steel Tyre Cord Co. Ltd. (?Jiangsu Xingda?), being responsible for sales and marketing of the Group.

He joined Jiangsu Xingda Steel Cord Group Company, the predecessor of Jiangsu Xingda, in May 1994, holding a sales management position, and has been working for Jiangsu Xingda since its establishment in 1998. Mr. Hang has more than 20 years of experience in radial tire steel cord manufacturing. As at the date of this announcement, Mr. Hang is the son-in-law of Mr. Liu Jinlan, an executive Director, and the brother-in-law of Mr. Liu Xiang, an executive Director, and Mr. Liu Tao.

As at the date of this announcement, Mr. Hang is a controlling shareholder and a party acting in concert with Mr. Liu Jinlan, Mr. Liu Xiang, Mr. Tao Jinxiang and Mr. Zhang Yuxiao pursuant to a five parties' agreement dated 29 August 2005, as supplemented by supplemental agreements dated 15 November 2005 and 29 November 2022 (the ?Five Parties' Agreement?), and also a party acting in concert with Great Trade Limited, In-Plus Limited, Perfect Sino Limited, Power Aim Limited, Wise Creative Limited, Widen Success Holdings Limited and Mr. Liu Tao pursuant to an agreement dated 29 November 2022 (the ?AIC Agreement?). Mr. Wang, aged 44, is a senior economist and has joined the Group since 2004. He graduated from Jilin University in January 2016, majoring in finance.

He worked as an accounting supervisor in Xinghua Dainan sub-branch of China Construction Bank Corporation from August 2001 to February 2004. He later joined Jiangsu Xingda and served as (i) an accounting supervisor from March 2004 to December 2004; (ii) a financial supervisor from January 2005 to June 2006; and (iii) has been the director of the finance department since 2006. Mr. Wang has engaged in financial and accounting management work for more than 20 years, with rich experiences in national finance, tax laws and regulations.

Ms. Wang Yu, aged 42, has obtained a master's degree in Public Administration and Management from National University of Singapore. Ms. Wang joined the Group in March 2023 and is currently serving as the general manager of the international sales headquarters of Jiangsu Xingda, responsible for management and coordination of international sales. Ms. Wang was elected as a member of the Guangzhou Municipal Committee of the China Democratic League in July 2016, a member of the 13th Guangzhou Municipal Committee of the Chinese People's Political Consultative Conference in January 2017.

Ms. Wang has many years of experience in the automotive and tire industries. Prior to joining the Group, Ms. Wang worked in Guangzhou Automobile Group Co. Ltd. and Guangzhou Wanli Group, holding management and senior executive positions.