MedSci Healthcare Holdings Limited announced that with effect from 16 July 2024: Mr. Fan Jie (Mr. Fan), an executive Director and the co-chief executive officer of the Group, has ceased to be co-chief executive officer of the Group; Mr. Wang Shuai (Mr. Wang), an executive Director, has been appointed as the co-chief executive officer of the Group. Due to work reassignment to the Innovation Department of the Group, Mr. Fan Jie has ceased to be co-chief executive officer of the Group, but he would remain as executive Director. Mr. Fan confirmed that he has no disagreement with the Board and there are no matters relating to his cessation as the co-chief executive officer of the Group that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

Mr. Wang, aged 43, was appointed as a Director in November 2021, and re-designated as an executive Director in April 2022. Mr. Wang has also been the Group's vice president since December 2021. He is responsible for the overall strategic planning and general management and execution of the business operations of the Group.

Mr. Wang has also been serving as a vice president and director of Shanghai MedSci MedTech Co. Ltd. since June 2016 and September 2020, respectively. Mr. Wang obtained a bachelor's degree in clinical medicine from China Medical University in the PRC in July 2003.

Prior to joining the Group, Mr. Wang worked at Beijing Xunbo Hengtai Technology Development Co. Ltd., a company primarily engaged in medical advertisement, from November 2007 to August 2011, mainly responsible for providing medical consulting services to pharmaceutical companies. Subsequently, Mr. Wang worked at Beijing KINGYEE Technology Co.

Ltd., an internet physician platform company primarily engaged in providing digital marketing solutions for pharmaceutical companies from December 2011 to October 2013, and served as the sales director of KINGYEE (Beijing) Co. Ltd. from November 2013 to December 2015, responsible for the sales and sales management. Mr. Wang also served as the general manager at Beijing Chaokanglian Information Technology Co.

Ltd., a company primarily engaged in medical advertisement, from January 2016 to June 2016, responsible for operation management.