The Board of Nanjing Sample Technology Company Limited has resolved the resignation of Mr. Ma Fengkui as the chief executive officer of the Company with effect from 3 March 2023 and the appointment of Mr. Sha Min as the chief executive officer of the Company with effect from 3 March 2023. Mr. Sha Min, aged 58, a senior engineer and senior economist, received postgraduate education, is an executive Director and the Chairman of the Company and the chairman of the Strategic Committee. He is responsible for devising the Group's overall strategies and policies.

Mr. Sha obtained a master's degree in signal circuits and systems from Southeast University in 1990. He joined the Company in December 1997 and was first appointed as an executive Director and Chairman in December 1999. He is currently the president of China RFID Association, vice-chairman of Federation of Industry and Commerce of Jiangsu Province, chairman of ITS Association of Nanjing City, vice-chairman of Federation of Industry and Commerce of Nanjing City, vice president of Nanjing Software Industry Association, vice-chairman of Nanjing Enterprises Association and president of Nanjing Alumni Association of Southeast University etc.

Mr. Sha is currently a non-executive director of Jiangsu NandaSoft Technology Company Limited (a company listed on the Stock Exchange, stock code: 8045). Mr. Sha is currently a director of Nanjing Wu Lian Wang Yan Jiu Yuan Development Co. Ltd., a subsidiary of the Company.