The board of directors of Prinx Chengshan Holdings Limited announced that Ms. Cao Xueyu (?Ms. Cao?) has resigned as an executive Director of the Company with effect from 28 March 2024, but will continue to act as the company secretary of the Company and an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ?Listing Rules?) due to internal reallocation of responsibilities, and Mr. Wang Lei (?Mr. Wang?) has resigned as a non-executive Director of the Company with effect from 28 March 2024 due to his intention to devote more time to his other commitments. Both Ms. Cao and Mr. Wang have confirmed that they have no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited (the ?Stock Exchange?). The Board announced that Mr. Jiang Xizhou (?Mr. Jiang?) and Ms. Wang Ning (?Ms. Wang?) have been appointed as an executive Director and a non-executive Director, respectively, both with effect from 28 March 2024.

Mr. Jiang Xizhou, aged 52, joined the Company in August 2019 as an assistant to the general manager. He has been the deputy general manager of the Company since January 2020, the vice president of the Company and the director of the production and operation centre of the Company, the general manager and the director of the technology centre of Shandong Company since January 2021. Since November 2022, he has been the executive vice president of the Company.

He was appointed as a director of Prinx Chengshan (Shandong) Tire Co. Ltd. and Prinx Chengshan Tire (Thailand) Co. Ltd. (each being a subsidiary of the Company) on 28 March 2024.

Prior to joining the Group, Mr. Jiang held various technical and management positions in Anhui Giti Tire Co. Ltd. from July 1995 to May 2013; he served as the general manager of Fujian Giti Tire Co. Ltd. and the general manager of Giti Tire Co.

Ltd. (a company listed on the Shanghai Stock Exchange, stock code: 600182) from June 2013 to June 2015; he served as the general manager of Anhui Giti Tire Co. Ltd. from July 2015 to August 2017; and he served as the manufacturing director of Giti Tire (China) Investment Co. Ltd. from September 2017 to July 2019.

Mr. Jiang graduated from Hefei University of Technology with a major in polymer materials and obtained his bachelor degree in July 1995. He graduated from Wisconsin International University in the United States with an EMBA degree in December 2002. Ms. Wang Ning, aged 37, has been serving as the assistant to the general manager at Founder Digital Publishing Technology (Shanghai) Co.

Ltd. from June 2011. From May 2014, she has been serving as the assistant to the chief financial officer, the assistant to the president, and securities affairs commissioner of InfoTM Micro-Electronics Co., Ltd, a company listed on the Shenzhen Stock Exchange (stock code: 000670). She has been serving as the senior consultant and the senior consulting manager of Shanghai InFaith Group Co.

Ltd. from May 2020 and December 2020 respectively. Since February 2022, she has been working in the board office of Red Avenue New Materials Group Co. Ltd., a company listed on the Shanghai Stock Exchange, and was appointed as the securities affairs representative by the board of directors of the company in April 2022.

Ms. Wang graduated from Qingdao University of Science and Technology with a bachelor's degree in business administration in July 2009. She obtained the securities practitioner qualification certificate in June 2015, and obtained the qualification certificate of board secretary from the Shenzhen Stock Exchange in March 2017. She obtained the certificate of certified public accountant in March 2021 and became a non-practicing member of the Chinese Institute of Certified Public Accountants.

She attended the first session of the 2022 pre-appointment training and completed the testing of the secretary to the Board of the Shanghai Stock Exchange in November 2022, and obtained the certificate of pre-appointment training for the secretary to the board in February 2023. She obtained the legal professional qualification certificate of the People's Republic of China in March 2024.