Alex Pan took over as chief executive officer and general manager of Shanghai Jahwa

On the afternoon of April 22, 2020, Shanghai Jahwa held the 9th meeting of the 7th Board of Directors, deliberated and approved the proposal on nomination of candidates for the 7th Board of Directors, the Proposal on appointment of CEO and General Manager and other proposals. The board of directors decided to nominate Alex Pan as the candidate of director and appointed him as the CEO and general manager of the company.

Alex Pan holds a BACHELOR's degree in biochemistry at East China University of Science and Technology, an EMBA at Fudan University-Washington University in St. Louis, USA, and an advanced management program at INSEAD. He has rich experience in international and domestic business management. He once held senior management positions in L 'Oreal group and Mattel. He has 20 years of experience in FMCG industry and is familiar with the cosmetics industry.

From 2015 to 2019, Alex Pan successively served as China Business General Manager and Asia Pacific Business General Manager of L 'Oreal Group's Popular Cosmetics Department. During his tenure, he helped the company realize channel strategic transformation, and the proportion of online business was greatly increased. He served as Mattel's global Vice President and General Manager of China from April 2019-2020, where he helped the company achieve all-round business improvement and substantial loss reduction, setting the best operating record in the past five years.

The Board of Directors of Shanghai Jahwa said that Alex Pan has many years of executive management experience of multinational consumer goods companies in China and the Asia-Pacific region and has a deep understanding of the consumer goods industry, especially the cosmetics industry. And good at driving transformation and change, have strong strategic leadership and execution. Alex Pan will lead Jahwa to embrace the changes in retail consumption trends, further accelerate the pace of change and transformation, and focus on consumer insight - led, digital - led product and marketing innovation. He will lead Shanghai Jahwa, a 122-year-old national goods leader, to unite and cooperate with each other, strive to be the first, then climb the mountain.

According to the announcement, Ms. Zhang Dongfang applied to the board of directors for personal reasons to resign the company's director, chairman, CEO, general manager and other related positions.Ms. Zhang Dongfang continuously improved the corporate governance of Jahwa during her tenure, and determined the 16-character business policy of "research and development first, brand driven, channel innovation, supply guarantee". She takes brand as the core development factor, improves research and development technology and efficiency, creates star products, strengthens brand construction, and further improves brand equity, so as to drive channel layout and lay a good business foundation for the transformation and development of Jahwa in the next stage.

The Board of Directors of Shanghai Jahwa would like to thank Ms. Zhang Dongfang for her efforts in the transformation and development of Shanghai Jahwa.

Ms. Zhang Dongfang expresses her heartfelt thanks to all the shareholders, the board of directors and the board of supervisors for their recognition, as well as to the management and all the staff for their strong support during her tenure as the chairman of the board. She wishes Shanghai Jahwa will adhere to innovation and achieve greater success under the leadership of the new management.

Shanghai Jahwa said the company has a clear corporate governance, a solid business and financial foundation, and a charismatic product brand. The company will constantly keep pace with the times, consolidate the existing leading edge, at the same time, for the new generation of young consumers to meet their needs of high-quality products, and continue to improve consumer experience, satisfaction and value perception. The company will continue to create new value, in a broader and richer level to meet people's yearning for a better life.