China Shenshan Orchard Holdings Co. Ltd. announced cessation of Mr. Xiao Weibiao as the Accounting Director of the Company. Role And Responsibilities; As the Accounting Director of the Company, Mr. Xiao is responsible for overseeing the daily finance and accounting operations of the Company and its subsidiaries.

As a Director and the Financial Controller of Xingnong Agriculture, Mr. Xiao is responsible for the finance and accounting operations of Xingnong Agriculture. Other DirectorShips Past; Luoyang Dukang Baiyi Wine Sales Co. Ltd. Other DirectorShips Present; Director of Xingnong Agriculture.

Reason For Cessation; Mr. Xiao has tendered his resignation to pursue other career opportunities. After having interviewed Mr. Xiao and to the best of its knowledge, the Company's Sponsor, ZICO Capital Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Xiao as the Accounting Director of the Company and a Director as well as the Financial Controller of Xingnong Agriculture.

In addition, there are no concerns with regards to financial reporting that led to the cessation of Mr. Xiao and there are no disagreements between Mr. Xiao and the board of directors of the Company with regards to practices that would have an impact on the Company's and Group's financial reporting.