The board of directors of Grandshores Technology Group Limited announced that, with effect from 20 May 2022, Dr. Zhang Weining has resigned as independent non-executive Director due to his intention to devote more time on other business commitments. The board announced that, with effect from 20 May 2022, Mr. Li Kanlin has been appointed as an independent non-executive Director. Mr. Li has been an investment development supervisor of EGO Group Co. Ltd. from April 2021 to April 2022. Following Dr. Zhang's resignation as an independent non-executive Director, with effect from 20 May 2022, Dr. Zhang has ceased to be a member of each of the audit committee of the Company and the nomination committee of the Company and the
chairman of the Remuneration Committee. The Board announced that, with effect from 20 May 2022, Mr. Li has been appointed as a member of each of the Audit Committee and the Nomination Committee, and the chairman of the Remuneration Committee.