Glory Sun Land Group Limited announces that Mr. Wong Chun Bong has tendered his resignation as an independent non-executive Director of the Company and the chairman of each of the audit committee and the nomination committee of the Company with effect from 31 July 2023 to focus on his other business ventures and personal commitments. Following the resignation of Mr. Wong as an independent non-executive Director, the Board announced that Mr. Shi Fazhen will be appointed as an independent non- executive Director and the chairman of each of the Audit Committee and the Nomination Committee, with effect from 31 July 2023. The biographical details of Mr. Shi are set out as follows: Mr. Shi, aged 58, has over 20 years of experience in the field of audit and accounting.

Since 2020, he has established and acted as the Chief Partner at Shenzhen Zhenlong Accountants Firm From 2016 to 2020, he acted as the president at Shenzhen Zhonglun Accountants Firm (General Partnership) From 2014 to 2016, he served as the vice president at Shenzhen Chengxin Accountants Firm (Special General Partnership) From 2001 to 2013, Mr. Shi held various positions at Shenzhen Mahong Accountants Firm and Shenzhen Licheng Accountants Firm. Prior to that, he has worked at Hubei Xiangfan Huipu Industrial Co. Ltd. for over 17 years.

Mr. Shi graduated from Zhongnan University of Finance and Economics in December 1990, majoring in industrial economic management. In August 2001, he obtained his qualification as a certified public accountant in the People's Republic of China. In November 2007, he obtained the qualification as an intermediate economist.

Following the resignation of Mr. Wong and the appointment of Mr. Shi with effect from 31 July 023, the composition of the following board committees shall be changed as follow: Audit Committee of the Board: Mr. Wong shall cease to be the chairman and Mr. Shi shall become the chairman in place of Mr. Wong; and Nomination committee of the Board: Mr. Wong shall cease to be the chairman and Mr. Shi shall become the chairman in place of Mr. Wong.