The board of directors of Minshang Creative Technology Holdings Limited announced that Ms. Li Jia (Ms. Li) has tendered her resignation as an Executive Director of the Company with effect from 30 November 2022 due to her personal commitments. The Board further announced that Mr. Lai Xiaopeng Michael (Mr. Lai) has been appointed by the Board as an Executive Director of the Company with effect from 30 November 2022. Mr. Lai, aged 35, joined the Group since July 2018, served as deputy general manager of Hong Kong business department of Minsheng E-Commerce Holdings (Shenzhen) Limited. Mr. Lai received his bachelor's degree in Law at Jiangxi University of Finance
and Economics in July 2012 and has over 10 years of experience in cross boarder business, specialising in Hong Kong-Mainland China businesses. Prior to joining the Group, Mr. Lai worked in China Minsheng Banking Corp., Ltd, Hong Kong Branch, as relationship manager of commodities and frozen product department from September 2012 to May 2015, and was promoted as the team head of cross boarder business department from May 2015 to June 2018. The Board announced that one of the authorised representatives of the company for the purpose of Rule 3.05 of the Listing Rules has been changed from Ms. Li to Mr. Lai, an Executive Director of the Company, with effect from 30 November 2022. The Board announced that, Mr. Wu Jiangtao (Mr. Wu), has resigned as the chief executive officer ("CEO") of the Company due to work rearrangement, but remains as the Chairman and Executive Director of the Company, with effect from 30 November 2022.