The board of directors of Shunten International (Holdings) Limited announced that Lam Wai Tong and Chen Man Lung, who are the executive directors of the Company, will be promoted as the co-chief executive officers of the Company with effect from May 19, 2022. Mr. Lam is an executive director of the Company since May 6, 2022. Mr. Chen, aged 56, is an executive director of the Company since May 6, 2022 and chief financial officer of the Company since January 25, 2019.

Mr. Wang Xihua is currently an executive director, acting chairman, acting chief executive officer and authorized representative of the Company. Following the appointments of Mr. Lam and Mr. Chen as co-chief executive officers, with effect from 19 May 2022, Mr. Wang will remain as an executive director, acting chairman and authorized representative of the Company.