Renrui Human Resources Technology : VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE

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Renrui Human Resources Technology Holdings Limited ɛ๿ɛʑ߅ҦછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6919)

VOLUNTARY ANNOUNCEMENT

BUSINESS UPDATE

This announcement is issued by Renrui Human Resources Technology Holdings Limited (the "Company", and together with its subsidiaries, collectively referred to as the "Group") as a voluntary announcement to provide its shareholders and potential investors with the latest business development of the Group.

As flexible staffing services is the major business segment of the Group, the Group has been focusing on the development of this business segment and the continuous recruitment of flexible staffing employees to be deployed to clients. The board of directors (the "Board") of the Company announces that the number of the Group's flexible staffing employees has decreased from 36,138 as at 31 January 2021 to 34,123 as at 28 February 2021, representing a decrease of 2,015 or a negative growth rate of approximately 5.6%. Such number of flexible staffing employees as at 28 February 2021 represents an increase of 10,223 or a positive growth rate of approximately 42.8% as compared to 23,900 flexible staffing employees as at 29 February 2020.

The Group will continue to strengthen its position in the flexible staffing industry in the PRC by providing quality flexible staffing services to its clients.

By order of the Board

Renrui Human Resources Technology Holdings Limited

Zhang Jianguo

Chairman and Chief Executive Officer

The PRC, 19 March 2021

As at the date of this announcement, the Board comprises Mr. Zhang Jianguo, Mr. Zhang Feng and Ms. Zhang Jianmei as executive Directors; Mr. Chen Rui and Mr. Chow Siu Lui as non-executive Directors; and Ms. Chan Mei Bo Mabel, Mr. Shen Hao and Mr. Leung Ming Shu as independent non-executive Directors.