Shangtang Group Co., Ltd. will hold its annual shareholders' meeting on June 26, 2024 at 3:00 p.m. in Xuhui District, Shanghai, China, to discuss issues such as reviewing the 2023 financial statements, director elections, director remuneration determination, share buybacks and issuances. The meeting will examine the executive director election of Dr. Lin Dahua, as well as the re-election of directors Xu Li, Fan Huanshuai, and Xue Lan. In addition, the meeting will authorize the board of directors to repurchase B shares that do not exceed 10% of the total issued shares, and to issue B shares that do not exceed 20% under certain conditions. Shareholders will also consider re-appointing PwC as the auditor and reviewing the amendment of the 2022 restricted share unit plan. Shareholders may exercise their voting rights through proxy forms and must submit them before June 24, 2024. Share transfer registration will be suspended from June 20 to 26, 2024.

Shangtang Group Co., Ltd. will hold its annual shareholders' meeting on June 26, 2024 at 3:00 p.m. in Xuhui District, Shanghai, China, to discuss issues such as reviewing the 2023 financial statements, director elections, director remuneration determination, share buybacks and issuances. The meeting will examine the executive director election of Dr. Lin Dahua, as well as the re-election of directors Xu Li, Fan Huanshuai, and Xue Lan. In addition, the meeting will authorize the board of directors to repurchase B shares that do not exceed 10% of the total issued shares, and to issue B shares that do not exceed 20% under certain conditions. Shareholders will also consider re-appointing PwC as the auditor and reviewing the amendment of the 2022 restricted share unit plan. Shareholders may exercise their voting rights through proxy forms and must submit them before June 24, 2024. Share transfer registration will be suspended from June 20 to 26, 2024.