The board of directors of China Lilang Limited announced that Mr. Zhang Shengman has been appointed as an Independent Non-executive Director, a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 17 March 2023. Mr. Zhang, aged 65, has over 30 years of experience in corporate and financial matters. From May 1981 to October 1992, Mr. Zhang served various positions in the Ministry of Finance of the People's Republic of China, with his last position as the Deputy Director.

In November 1992, Mr. Zhang joined the World Bank Group as the country representative for China. From November 1992 to October 2005, Mr. Zhang took up various roles in the World Bank Group, with his last position as the Managing Director in charge of world-wide operations and the chairman of several committees. Subsequently, Mr. Zhang joined Citigroup Inc., in February 2006 as the chairman of the Global Public Sector Group.

From February 2006 to May 2016, Mr. Zhang has taken up various roles in Citigroup with his last position as the Chairman of Citigroup's Asia Pacific Region. Mr. Zhang is currently and has been a director of several companies listed on The Stock Exchange of Hong Kong Limited, including a non-executive director of Seazen Group Limited since 21 March 2018, and an independent non-executive director of Fosun International Limited since 1 December 2006 and Green Economy Development Limited since 28 February 2023. Mr. Zhang obtained a bachelor's degree in English literature from Fudan University in 1978 and a master's degree in public administration from University of the District of Columbia in 1986.

Mr. Zhang completed the Harvard Advanced Management Program from Harvard University in June 1997.