TEN PAO GROUP (01979) proposed appointing Zhang Zhanhao and Ferheen Mahomed as independent non-executive directors.

TEN PAO GROUP (01979) announced that Mr. Zhu Yipeng will resign as an independent non-executive director, and will no longer serve as chairman of the Audit Committee, Compensation Committee, and Nomination Committee, effective immediately after the shareholders' annual meeting. Mr. Li Junxiong will resign as an independent non-executive director, and will no longer serve as chairman of the Compensation Committee, and as a member of the Audit Committee and Nomination Committee, effective immediately after the shareholders' annual meeting. The Board of Directors proposes the appointment of Mr. Zhang Zhanhao as an independent non-executive director. The appointment of Mr. Zhang Zhanhao is subject to approval by the shareholders at the shareholders' annual meeting by an ordinary resolution, and if approved, will take effect immediately after the shareholders' annual meeting. Mr. Zhang Zhanhao will also be appointed as chairman of the Audit Committee, and as a member of the Compensation Committee and Nomination Committee. The Board of Directors proposes the appointment of Ms. Ferheen Mahomed as an independent non-executive director. The appointment of Ms. Ferheen Mahomed is subject to approval by the shareholders at the shareholders' annual meeting by an ordinary resolution, and if approved, will take effect immediately after the shareholders' annual meeting. Ms. Ferheen Mahomed will also be appointed as a member of the Compensation Committee and Nomination Committee; and Dr. Lu Xinrong, the current independent non-executive director, will change his position from a member to chairman of the Compensation Committee, effective immediately after the shareholders' annual meeting.