The Board of directors of Shenglong Splendecor International Limited announced that Ms. HUANG Yueyuan has resigned as an independent non-executive Director with effect from 1 June 2022 in order to pursue other business and personal commitments. Following Ms. Huang's resignation, she also ceased to be the chairlady of the remuneration committee and a member of the audit committee and the nomination committee Company. The Board announced that Mr. ZHENG Yong has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, and as a member of both the Audit Committee and the Nomination Committee with effect from 1 June 2022.

Mr. Zheng, aged 48, is mainly engaged in teaching and research in the areas of accounting, axation, higher education studies, and corporate management. Mr. Zheng was a visiting scholar at the University of Toledo in July 2011. Since June 2016, Mr. Zheng has acted as the director of the accounting department social service center of Zhejiang University of Finance and Economics and deputy director of Zhejiang Province College Finance and Accounting Information Contest Office, respectively.

Mr. Zheng has entered into a letter of appointment with the Company for an initial term of one year commencing from 1 June 2022, renewable automatically for successive terms of one year commencing from the day after the expiry of the current term of the service contract and until terminated by either party giving not less than three month's written notice. In accordance with the Company's articles of association, Mr. Zheng will hold office until the first general meeting of the Company after his appointment and shall be subject to re-election at such general meeting. Mr. Zheng is entitled to an annual director's fee of RMB 80,000, which was determined by the Board on the recommendation of the Remuneration Committee with reference to his duties and responsibilities with the Company, the prevailing market rate and the remuneration policy of the Company.