Zhongsheng United (03332) announced that the terms of office of all current members of the fourth board of directors and supervisors (supervisors) will expire on October 22, 2024. The Company will convene an extraordinary shareholders' meeting to consider and approve (including) the re-election of all current executive directors, independent non-executive director Mr. Yu Bo, and current supervisors (excluding the two employee representatives of supervisors to be re-elected by the group) as well as propose the election of two new independent non-executive directors.

After the expiration of the fourth board of directors: Ms. Cai Tianchen (Ms. Cai), who has served on the board for six years, will not seek re-election as an independent non-executive director, chairman of the board audit committee, and members of the board remuneration committee and the strategic and development committee, in order to maintain good corporate governance practices and dedicate more time to handling other matters; and Mr. Wang Wei (Mr. Wang), who has also served on the board for six years, will not seek re-election as an independent non-executive director, chairman of the remuneration committee, and members of the audit committee and the board nomination committee, for the same reasons.

The board of directors is pleased to announce that Mr. Ye Bangyin (Mr. Ye) and Mr. Cheng Jianming (Mr. Cheng) have been nominated as new candidates for independent non-executive directors, subject to shareholder approval before formal appointment.