The Board of Cherish Sunshine International Limited also announced that the following changes became effective on 25 August 2023: Mr. Jiang Jun has retired as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee; Ms. Yang Xiaoyan has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of each of the Audit Committee and Nomination Committee; and Ms. Wu Siyuan ceased to be a member of the Remuneration Committee and Ms. Deng Hua has been appointed in her stead. Ms. Yang, aged 50, studied at Beijing Normal University and obtained a Bachelor's Degree in English in July 1996. From August 2003 to January 2005, she attended the Hong Kong University of Science and Technology for full-time MBA studies and obtained her postgraduate qualifications and a Master's Degree. Ms. Yang held various positions, including, an interpreter for foreign affairs of Beijing Electronics Factory from August 1996 to August 1997; a course director of China Europe International Business School from August 1997 to February 1999; a training manager of Nokia China Company Limited from February 1999 to August 2000; and the head of EMBA department at Guanghua School of Management of Peking University from August 2000 to August 2003. From January 2005 to June 2009, she was the chief representative of the Beijing representative office of the Business School of the Hong Kong University of Science and Technology. From June 2009 to December 2013, she was the person in charge of the Cisco Leadership Institute at Guanghua School of Management of Peking University.
Since 2013, she has been working at Cheung Kong Graduate School of Business, where she served as the director of the EMBA and director of the alumni affairs department successively and is currently the assistant dean. Since August 2018, she has been serving as a member of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) of Dongcheng District, Beijing, and the vice president of the New Social Stratum Association of Dongcheng District, Beijing. Since 30 March 2021, she has been serving as an independent non-executive director of Tong Yang Life Insurance Co. Ltd. (a company listed on the Korea Exchange, stock code: 82640). Ms. Wu Siyuan ("Ms. Wu"), an executive director of the Company, ceased to be the a member of the Remuneration Committee with effect from 25 August 2023, and Ms. Deng Hua, an independent non-executive director of the Company, has been appointed as a member of the Remuneration Committee with effect from 25 August 2023. Following the aforesaid appointments, the Remuneration Committee comprises three independent non-executive directors of the Company, namely Ms. Yang (chairman), Mr. Zhong Dengyu and Ms. Deng Hua.