Fosun International Limited (the Company, together with its subsidiaries, the Group) announced that Ms. Chen Shucui (Ms. Chen) has resigned as a non-executive Director with effect from 4 November 2022 due to her personal work arrangement. Ms. Chen has confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that needs to be brought to the attention of the shareholders (the Shareholder(s)) of the Company and The Stock Exchange of Hong Kong Limited (the Hong Kong Stock Exchange). The Board announced that Mr. Li Shupei (Mr. Li) has been appointed as a non- executive Director with effect from 4 November 2022 (the Appointment).

The biographical details of Mr. Li are set out as follows: Mr. Li, aged 41, has extensive experience in asset management and securities trading. Mr. Li has joined China Everwin Asset Management Co. Ltd. since 2018 and currently serves as a deputy head of the equity investment center and the head of research and development department of the equity center.

He also currently serves as a non-executive director of Ronshine China Holdings Limited. From 2015 to 2018, Mr. Li served as a macro strategist and non-bank financial analyst and first-level researcher at the securities investment department of China Life Asset Management Company Limited. From 2010 to 2015, Mr. Li served as a macro analyst, strategist and vice president at the research and development department of CSC Financial Co.

Ltd. Mr. Li graduated from Zhengzhou University with a bachelor's degree in management in 2005, and graduated from Nankai University with a master's degree in economics in 2007 and a doctor's degree in economics in 2010, respectively. Mr. Li has entered into a letter of appointment with the Company for an initial term of one year commencing from 4 November 2022. Mr. Li will not receive any remuneration for holding his office as a non-executive Director.

Mr. Li shall hold office only until the next following general meeting of the Company after the Appointment and shall then be eligible for re-election at such general meeting in accordance with the articles of association of the Company.