Shenwan Hongyuan Group Co., Ltd. at its 2020 annual general meeting held on May 28, 2021, considered and approved the election of Mr. Wu Changqi as an independent non-executive Director of the fifth session of the Board of Directors of the Company To consider and approve the election of Mr. Chen Hanwen as an independent non-executive Director of the fifth session of the Board of Directors of the Company; to consider and approve the election of Mr. Chen Hanwen as an independent non-executive Director of the fifth session of the Board of Directors of the Company; and to consider and approve the election of Mr. Zhao Lei as an independent non-executive Director of the fifth session of the Board of Directors of the Company.