Zhejiang Shibao Company Limited announced that at the EGM was held on 31 March 2023, the company approved the appointment of Mr. Zhang Zhi Long ("Mr. Zhang") as independent Supervisor. Mr. Zhang Zhi Long, aged 39, is a Chinese national with no permanent residence abroad and holds a master's degree. Mr. Zhang graduated from Zhejiang University of Finance and Economics with a bachelor's degree in information and computing science, and received a master's degree in accounting from Fudan University.

Mr. Zhang served as an investment manager of Zhejiang Haiyue Investment Management Co. Ltd. for the period from July 2008 to August 2013 and served as the sales director of the capital market department of Caitong Securities Co. Ltd. from September 2013 to March 2019.

Since April 2019, Mr. Zhang has been the general manager of Hangzhou Xiaoshan Jingfu Private Fund Management Co. Ltd. .