The board of directors of Shanghai Dasheng Agriculture Finance Technology Co., Ltd. announced that Mr. Zhou Jianhao, an independent non-executive director of the Company, the chairman of the Remuneration and Assessment Committee, a member of the Nomination Committee and a member of the Audit Committee, passed away due to ill health on 3 February 2020. In light of the vacancy in the positions of the Remuneration and Assessment Committee, the Board has appointed, with effect from 3 February 2020, (i) Mr. Yang Gaoyu, an independent non-executive director of the Company to be the chairman of the Remuneration and Assessment Committee; and (ii) Mr. Lu Tingfu, a non-executive director of the Company to be a member of the Remuneration and Assessment Committee.