Pa Shun International Holdings Limited at its AGM held on June 30, 2021 announced that the resolutions as set out in the AGM Notice regarding the re- election of each of Mr. Hu Haisong, Mr. Wu Guohua, Professor Xiao Kai, Mr. Yang Bo, Mr. Cao Lei, Mr. Ng Wai Tsan and Mr. Chen Yongsheng as a Director were not passed at the AGM since there was not a majority of votes cast for each of such resolutions. Accordingly, the following changes in corporate positions took place with effect from the conclusion of the AGM: Mr. Hu Haisong retired as a non-executive Director; Mr. Wu Guohua retired as a non-executive Director; Professor Xiao Kai retired as the chairman of the Board and an executive Director and ceased to be the chairman of the nomination Committee of the Board. Mr. Yang Bo retired as an executive Director; Mr. Cao Lei retired as an independent non-executive Director and ceased to be the chairman of each of the remuneration committee and the corporate governance committee of the Board, and a member of each of the audit Committee of the Board and the Nomination Committee; Mr. Ng Wai Tsan retired as an independent non-executive Director and ceased to be a member of each of the Audit Committee, the Remuneration Committee, the Nomination Committee and the CG Committee; and Mr. Chen Yongsheng retired as an independent non-executive Director and ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and the CG Committee.