The board of directors of Dafeng Port Heshun Technology
Company Limited announcesd
that Mr. Tao Ying (Mr. Tao) resigned as an executive Director, chairman of the
Board, compliance officer with effect from 25 February 2022 due to the reaching of his
age of retirement. Upon his resignation, he ceased to act as an authorised representative
of the Company (the Authorised Representative), the chairman of the Legal Compliance
Committee and Nomination Committee and a member to the Remuneration Committee of the company. In place of Mr. Tao in respect to all the posts previously held, Mr. Yuan Qingfeng has been nominated and appointed as an executive Director, chairman of the Board, compliance officer, Authorised Representative, the chairman of the Legal
Compliance Committee and Nomination Committee and a member to the Remuneration
Committee of the Company with effect from 25 February 2022. Mr. Yuan Qingfeng is a director and vice general manager of Jiangsu Dafeng Harbour Holding Limited, the executive director
and legal representative of Jiangsu Yancheng wenlue Group Limited), the general manager and legal representative of Yancheng Dafeng Heshun International Trade Limited and a director of Jiangsu Yancheng Harbour Xiangshui Development Group Co., Ltd, which commenced at various point in time during July 2021 to January 2022.