On October 19, 2021, the board of supervisors of Shenwan Hongyuan Group Co., Ltd. received the written resignation tendered by Mr. Xu Yiyang, the chairman of the Board of Supervisors. Due to work arrangement, Mr. Xu Yiyang applied to resign as the chairman and supervisor of the fifth session of the Board of Supervisors of the Company. After his resignation as the chairman and supervisor of the fifth session of the Board of Supervisors of the Company, Mr. Xu Yiyang will serve as a special expert.