The board of directors of Tysan Holdings Limited announced that, with effect from 20 September 2023, Ms. Yang Jing ("Ms. Yang") has been appointed as an independent non-executive Director and a member of each of the audit committee of the Board (the "Audit Committee"), nomination committee of the Board (the "Nomination Committee") and remuneration committee of the Board (the "Remuneration Committee"). Biographical details of Ms. Yang are set out below: Ms. Yang Jing, aged 41, obtained a master's degree in management from Xi'an Jiaotong University in the PRC in June 2008. She has around 15 years of experience in auditing, accounting, financial planning and budgeting and has been a member of the Chinese Institute of Certified Public Accountants since November 2013.

She joined JD.com Inc. (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), stock code: 9618 and listed on NASDAQ, symbol: JD) and served as the vice president from May 2011 to February 2023, the director of financial reporting department from May 2011 to February 2016 and the head of financial budgeting and analysis department from March 2016 to June 2020 respectively. She was the chief financial officer of JINGDONG Property Inc. (formerly known as JD Property Group Corporation) from September 2020 to February 2023. From February 2022 to October 2022, Ms. Yang was an executive director of China Logistics Property Holdings Co.

Ltd. (a company previously listed on the Main Board of the Stock Exchange, stock code: 1589 and which delisted in July 2022). Prior to joining JD.com Inc., Ms. Yang worked in the audit department of PricewaterhouseCoopers Zhong Tian CPAs Ltd. from September 2008 to July 2010 and served as the financial manager and GRD Administrator of Mars Foods (China) Co. Ltd. from August 2010 to May 2011.

An appointment letter has been entered into with Ms. Yang commencing on 20 September 2023 until terminated in accordance with the terms of the appointment letter. Ms. Yang will receive a monthly director's fee of HKD 30,000 under the appointment letter. Such director's fee was determined with reference to the then prevailing market conditions and the performance of the Company.

Ms. Yang has not been appointed for a specific term and in accordance with the Bye-laws of the Company (the "Bye-laws"), Ms. Yang will hold office until the next following general meeting of the Company after her appointment, at which time she will be eligible for re- election. Thereafter, Ms. Yang will be subject to retirement by rotation as provided in the Bye-laws.