Jiashili Group Limited — Board/Management Information 2021

Jul 26, 2021

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嘉士利集團有限公司

Jiashili Group Limited

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(incorporated in the Cayman Islands with limited liability)

(Stock code: 1285)

ANNOUNCEMENT IN RELATION TO RESIGNATION OF NON-EXECUTIVE DIRECTOR AND APPOINTMENT OF EXECUTIVE DIRECTOR

The Board announces the following changes to the Board with effect from 26 July 2021:

• (1) the appointment of Mr. Liu Shouping as an executive Director of the Company; and

• (2) the resignation of Mr. Lin Xiao as a non-executive Director of the Company.

The board (the “ Board ”) of directors (the “ Directors ”) of Jiashili Group Limited (the “ Company ”, together with its subsidiaries the “ Group ”) announces the following changes to the Board with effect from 26 July 2021:

• (1) the appointment of Mr. Liu Shouping (“ Mr. Liu Shouping ”) as an executive Director of the Company; and

• (2) the resignation of Mr. Lin Xiao (“ Mr. Lin Xiao ”) as a non-executive Director of the Company owing to his personal development reasons.

The Board is not aware of any matters relating to the resignation of Mr. Lin Xiao that need to be brought to the attention of the shareholders of the Company (the “ Shareholders ”). Mr. Lin Xiao has confirmed that he has no claim against the Company and has no disagreement with the Board and that there are no other matters that need to be brought to the attention of Shareholders in connection with his resignation.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Lin Xiao for his contributions towards the Company during his tenure of office.

The Board is pleased to announce that Mr. Liu Shouping has been appointed as an executive Director of the Company.

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The biography of Mr. Liu Shouping is set out as follows:

Mr. Liu Shouping, (“ Mr. Liu ”) age 49, joined the Group on 5 July 2021 is currently the general manager of Jiashili Group Limited responsible for the overall operation, management and development of the Company. Prior to joining the Company Mr. Liu worked at Guangzhou Restaurant Group Li Kou Fu Food Company Limited* (廣州酒家集團利口福食品有限公司), a wholly-owned subsidiary of Guangzhou Restaurant Group Company Limited* (廣州酒家集團股份 有限公司), for eight years as general manager.

Mr. Liu graduated from Shenyang Institute of Aeronautical Engineering* (瀋陽航空工業學院) with a bachelor’s degree in engineering major in manufacturing processes and equipment in July 1993. Mr. Liu has around 20 years of executive management and administration experience in various enterprises.

There is an initial three-years service contract between the Company and Mr. Liu in respect of his appointment as an executive Director of the Company. Mr. Liu is subject to retirement and re-election at the next general meeting of the Company and, thereafter, to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the articles of association of the Company. Mr. Liu is entitled to receive salary of HK$420,000 per annum, and an annual director’s fee of HK$180,000. The fee is in line with that paid by the Company to other executive Directors. His remuneration is fixed in his service contract and has been determined by reference to prevailing market conditions, his position as an executive Director and his responsibilities within the Group. Mr. Liu may at the discretion of the Company receive an annual bonus in addition to his normal remuneration. Bonus awards are determined by reference to, among other factors, the operating results and requirements of the Group and Mr. Liu’s contribution to the performance of the Group.

As at the date of this announcement, Mr. Liu does not have any interests in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Save as disclosed above, Mr. Liu (i) does not hold any position with the Group; (ii) does not and did not hold any directorship in any public listed companies in Hong Kong or overseas in the past three years; (iii) does not have any relationships with any Directors, senior management or substantial or controlling shareholders of the Company or its subsidiaries or any of their respective associates (as defined in the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) of the Company.

Saved as disclosed above, there is no other information in relation to Mr. Liu that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters in relation to the appointment of Mr. Liu as an executive Director that need to be brought to the attention of the Shareholders of the Company.

The Board would like to express its warmest welcome to Mr. Liu for joining the Board.

By order of the Board Jiashili Group Limited Huang Xianming Chairman

Hong Kong, 26 July 2021

As at the date of this announcement, the Board comprises Mr. Huang Xianming, Mr. Tan Chaojun, Mr. Chen Songhuan, Mr. Liu Shouping as executive Directors; Mr. Kam Robert, Ms. Ho Man Kay, and Mr. Ma Xiaoqiang as independent non-executive Directors.

* For identification purpose only

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