FarGlory Hotel Co.,Ltd announced change to the principal financial officer of the company. Name, title, and resume of the previous position holder: Yu Yue Long/FarGlory Hotel Co.,Ltd/Manager of Finance Dept; Name, title, and resume of the new position holder: Zheng Shi Hui/FarGlory Hotel Co.,Ltd/Financial officer. Effective date is August 11, 2022.

Any other matters that need to be specified: The replacement is approved by Board of Directors.