Success Dragon International Holdings Limited announced that Ms. DENG Ganghui has resigned as an executive director of the Company with effect from 13 July 2022. As Ms. Deng wishes to pursue her other interests, she has decided to resign from the Board. Ms. Deng has agreed to serve as the Enterprise Development Manager of the Company and in that capacity to continue to advise the Group on various business matters.

Mr. LIU Shiwei and Mr. WANG Baozhi have been appointed as Executive Directors of the Company with effect from 13 July 2022. Mr. Liu, aged 51, obtained a master's degree in Science from the University of South Florida in May 2001 and a bachelor's degree in International Accounting from Jiangxi University of Finance and conomics in July 1994. He has previously served as the Deputy General Manager of the Investment Banking Department of Ping An Bank Co.

Ltd. from August 2008 to April 2012. Mr. Liu also served as the General Manager and Deputy General Manager of the Investment Banking Department of the Shenzhen branch of the Industrial and Commercial Bank of China Limited from December 2004 to August 2008 and from December 2003 to December 2004, respectively. Mr. Wang, aged 54, obtained a bachelor's degree in agriculture education from Yuxi Agriculture College in July 1987 and a master's degree in Economics from Jiangxi University of Finance and Economics in July 1994.

He has over 23 years of experience in finance. Mr. Wang was appointed as an Executive Director of Bay Area Gold Group Limited from August 2017 to June 2021. He has been the managing director of south china business headquarter of Zhongrong International Trust Company Limited from April 2009 to March 2016.

Before joining Zhongrong International, he has previously worked as the project manager of Shenzhen aifuda Finance Company Limited from August 2006 to April 2009, the financial controller of Shenzhen Chengnong Siliao Company Limited from May 2004 to August 2006, the financial controller of Shenzhen Hongji (Group) Logistic Company Limited from April 2002 to May 2004, the chief financial officer of Shenzhen Nanyou (Holdings) Limited from May 1995 to April 2002 and an auditor of Shenzhen Minfu audit firm from July 1994 to May 1995. Mr. Ding, the Executive Director of the Company, has tendered his resignation as the chairman of the Board with effect from 13 July 2022. Mr. Ding will continue to be an Executive Director after his resignation as the Chairman.

Mr. Ding has been re-designated from the position of chief executive officer to Chief Operating Officer of the Company with effect from 13 July 2022 due to changes in his functions and responsibilities within the Group. Mr. Ding confirmed to the Board that he does not have any disagreement with the Board and there is no matter in respect of his resignation as the Chief Executive Officer that needs to be brought to the attention of the holders of securities of the Company or the Stock Exchange. Mr. Ding, aged 31, was appointed as an Executive Director of the Company on 1 April 2018.

Mr. Ding was subsequently appointed as the Chairman and the Chief Executive Officer with effect from 20 September 2019. He was also appointed as the authorised representative and the process agent of the Company with effect from 20 September 2019. Mr. Ding was appointed as the chairman of the nomination committee of the Board, and as a member of the Remuneration Committee.

Mr. Ding has been re-designated from the Chief Executive Officer of the Company to the Co-Chief Executive Officer with effect from 11 June 2020, and subsequently re-designated as Chief Executive Officer with effect from 19 July 2021. Mr. Ding obtained a Master's degree in Finance from The University of Texas at Dallas in December 2015 and a Bachelor's degree in English language and Literature from Luoyang Institute of Technology in July 2012.