THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THAT THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED ‘‘WARNING’’ ON THE COVER OF THIS DOCUMENT.

DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

DIRECTORS

Our Board currently consists of eight Directors, comprising four executive Directors, one non-executive Director and three independent non-executive Directors. The functions and duties of our Board include convening general meetings, implementing the resolutions passed at general meetings, determining business and investment plans, formulating our annual financial budget and financial accounts, and formulating our proposals for profit distributions as well as exercising other powers, functions and duties as conferred by the Articles of Association.

The following table sets forth certain information regarding our Directors:

Relationship with other Directors, Supervisors Date of or senior Date of joining appointment Roles and management Name Age Position(s) our Group as Director responsibilities members

Mr. Fei Zhengxiang 60 Chairman of our 25 December 20 June 2018 Formulating the overall None (費錚翔) Board and 2006 development strategies general manager and overseeing the operation of our Group

Mr. Zheng Yuhong 52 Executive 25 December 22 February Formulating the overall None (鄭育紅) Director and 2006 2021 development strategies deputy general and overseeing the manager operation of our Group

Mr. Xia Guoping 62 Executive 1 April 2010 22 February Formulating the overall None (夏國平) Director and 2021 development strategies deputy general and overseeing the manager Jiangsu operation of our Group

Mr. Chen Junhua 53 Executive 9 October 2009 22 February Overseeing the None (陳俊華) Director and 2021 marketing operations deputy general of our Group manager

Dr. Takamatsu Ken 64 Non-executive 2 May 2019 22 February Supervising our Group’s None (高松健) Director 2021 Japan operation, production and management

Dr. Xiao Fei (肖斐) 58 Independent 22 February 2021 22 February Providing independent None non-executive 2021 advice and judgement Director to our Board

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Relationship with other Directors, Supervisors Date of or senior Date of joining appointment Roles and management Name Age Position(s) our Group as Director responsibilities members

Mr.ChenYi(陳一) 36 Independent 22 February 2021 22 February Providing independent None non-executive 2021 advice and judgement Director to our Board

Mr. Jin Yiting 43 Independent 22 February 2021 22 February Providing independent None (金益亭) non-executive 2021 advice and judgement Director to our Board

Executive Directors

Mr. Fei Zhengxiang (費錚翔), formerly named Fei Zengxiang (費增祥), aged 60, is our Controlling Shareholder and the founder of our Group. Mr. Fei was appointed as our Director on 20 June 2018, and was redesignated as an executive Director on 22 February 2021. Mr. Fei was appointed as the general manager of our Company on 20 June 2018 and is primarily responsible for formulating the overall development strategies and overseeing the operation of our Group. Mr. Fei is also the executive director of Shanghai Conant, Jiangsu Conant and Jiangsu Asahi, the chairman of board of directors of Conant Eyewear and a director of Asahi Holdings and Asahi Optical. As of the Latest Practicable Date, Mr. Fei held approximately 69.75% of the total issued share capital in our Company.

Mr. Fei has over 24 years of experience in the eyewear industry. He founded Conant Optics on 5 December 1996 which was listed on the Shenzhen Stock Exchange (stock code: 300061) in March 2010. Mr. Fei acted as the chairman of board of directors of Conant Optics from March 2008 to November 2019 and was re-designated as a director of Conant Optics from November 2019 to May 2020. Since then, Mr. Fei has served as a supervisor of Conant Optics. The resin spectacle lens manufacturing business of Conant Optics was transferred to our Company in June 2018. For details, see ‘‘History and Development — Evolution of our Group’’. He obtained a bachelor’s degree in chemistry from the department of chemistry of Zhejiang University (浙江大學, formerly known as Hangzhou University (杭州大學)) in Zhejiang province, the PRC in February 1982. Prior to joining our Group, Mr. Fei was a post-doctoral fellow at Emory University in Georgia, the United States from 1989 to 1991. Mr. Fei was awarded as one of the 2010 Shanghai Leading Talents (2010年上海領軍人才) in December 2010 by the Organisational Department of the CPC Shanghai Municipal Committee and Shanghai Human Resources and Social Security Bureau. He is also the vice president of Shanghai Overseas Chinese Chamber of Commerce (上海市僑商會) and a standing member of the Chinese People’s Political Consultative Conference of New Area, Shanghai.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

On 2 September 2019, Conant Optics and Mr. Fei were publicly criticised by the Shenzhen Stock Exchange for (i) the significant discrepancies in the net profit figure as disclosed in the 2018 annual results’ estimate and the 2018 preliminary results announcement as comparing to that in the 2018 annual report, and (ii) failing to make clarification announcement timely, which constituted a breach of certain rule requirements under the Rules Governing the Listing of Stocks on the ChiNext Board of the Shenzhen Stock Exchange (the ‘‘Breaches’’). Despite the public criticism against Mr. Fei, our Directors (other than Mr. Fei) are of the view that Mr. Fei is suitable to act as a Director under Rules 3.08 and 3.09 of the Listing Rules having considered the following reasons:

. as advised by our PRC Legal Advisers, the Shenzhen Stock Exchange may impose sanctions including without limitation (i) public criticism; (ii) public censure; and (iii) disqualification from acting as a director, supervisor or senior management of listed companies, and as such, publish criticism represents a disciplinary action that is imposed by the Shenzhen Stock Exchange in cases of minor breaches. Pursuant to the requirements on the director’s qualification under the PRC Company Law, a one-time public criticism by the stock exchange would not render a person not legally qualified to act as a director. Therefore, the Breaches were relatively minor in nature;

. the Breaches were primarily due to the change of accounting judgement in relation to the impairment of goodwill of Conant Optics as advised by the external independent auditors specifically engaged by Conant Optics resulting in significant adjustment on the net profit subsequent to the release of 2018 preliminary results announcement as advised by Mr. Fei. As such, Mr. Fei was informed by the aforesaid independent auditors in respect of such accounting adjustment and the Breaches did not involve dishonesty or raise concern on Mr. Fei’s integrity;

. no monetary fine or other penalty was imposed on Conant Optics or Mr. Fei and Mr. Fei remained to be qualified to serve as a director of Conant Optics;

. there has not been any occurrence of similar events in Conant Optics when Mr. Fei served as a director or a supervisor of Conant Optics; and

. Mr. Fei received directors’ training from our Hong Kong legal counsel and he has confirmed that he fully understands his obligations as a director of a company listed on the Stock Exchange, in particular the directors’ fiduciary duties and the relevant disclosure requirements under the Listing Rules.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Mr. Zheng Yuhong (鄭育紅), aged 52, was appointed as our executive Director on 22 February 2021. Mr. Zheng was appointed as a deputy general manager of our Company on 1 January 2019 and is primarily responsible for formulating the overall development strategies and overseeing the Shanghai operation of our Group. Mr. Zheng is also (i) the general manager of Shanghai Conant; and (ii) the general manager and a director of Conant Eyewear. As of the Latest Practicable Date, Mr. Zheng held approximately 13.39% of the total issued share capital in Shanghai Shuyun, which held approximately 6.03% of the total issued share capital in our Company. Mr. Zheng is one of the managing partners of Shanghai Shuyun. Mr. Zheng acted as a director of Conant Optics from August 2001 to May 2019 and as the deputy general manager of Conant Optics from August 2001 to January 2019.

Mr. Zheng graduated with a Bachelor of Engineering degree majoring in lifting transportation and construction machinery from Wuhan University (武漢大學,formerly known as Wuhan University of Hydraulic and Electrical Engineering (武漢水利電力大學)) in Hubei province, the PRC in June 1990.

Mr. Xia Guoping (夏國平), aged 62, was appointed as our executive Director on 22 February 2021. Mr. Xia was appointed as a deputy general manager of our Company on 1 January 2019 and is responsible for formulating the overall development strategies and overseeing the Jiangsu operation of our Group. As of the Latest Practicable Date, Mr. Xia held approximately 20.61% of the total issued share capital in Shanghai Fengchang, which held approximately 3.92% of the total issued share capital in our Company. Mr. Xia is the managing partner of Shanghai Fengchang.

Mr. Xia worked at Conant Optics as a director from September 2010 to December 2016, and as a deputy general manager from May 2010 to January 2019. He was responsible for the overall management of such company during the time.

Mr. Xia graduated with a bachelor’s degree majoring in physics from the department of physics of Zhejiang University (浙江大學, formerly known as Hangzhou University (杭州 大學)) in Zhejiang province, the PRC in January 1982. In May 2003, Mr. Xia obtained a Master of Business Administration degree from Bircham International University in Madrid, Spain.

Mr. Chen Junhua (陳俊華), aged 53, was appointed as our executive Director on 22 February 2021. Mr. Chen was appointed as a deputy general manager of our Company on 1 January 2019 and is primarily responsible for overseeing the marketing operations of our Group. Mr. Chen joined our Group in October 2009 as a manufacturing manager responsible for supervising production process and improving production technology. He has served as deputy general manager of Shanghai Conant since 5 March 2014 and was appointed as a director of Asahi Optical on 22 April 2017.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Mr. Chen graduated from (上海開放大學,formerlyknown as Shanghai Television University (上海電視大學)) with a college degree majoring in public relations in Shanghai, the PRC, in July 1991.

Non-executive Director

Dr. Takamatsu Ken (高松健),formerlynamedJiangJian(姜健), aged 64, was appointed as our non-executive Director on 22 February 2021. He has been appointed as a director of Asahi Holdings and Asahi Optical since May 2019, and is responsible for supervising our Group’s Japan operation, production and management.

Prior to joining our Group, Dr. Takamatsu was a senior consultant in the healthcare materialsdepartmentofMitsuiChemicals,Inc.(三井化學株式會社), a chemicals company listed on the Tokyo Stock Exchange (stock code: 4183) from April 2018 to March 2019. Prior to that, he was the staff responsible for research and development of the spectacle lenses and medical appliances manufacturing departments in HOYA Corporation, a global medical technology company listed on the Tokyo Stock Exchange (stock code: 7741).

Dr. Takamatsu graduated with a bachelor’s degree of science majoring in polymer chemistry from the College of Chemistry of Jilin University (吉林大學) in Jilin province, the PRC in April 1982. He obtained a master’s degree of engineering from the Department of Polymer Science of the Beijing University of Chemical Technology (北京化工大學,formerly known as Beijing Institute of Chemical Technology (北京化工學院)) in Beijing, the PRC in December 1984, and further obtained a doctor of philosophy in March 1991 majoring in industrial chemistry in the Tokyo University of Science.

Independent Non-executive Directors

Dr. Xiao Fei (肖斐), aged 58, was appointed as our independent non-executive Director on 22 February 2021. Dr. Xiao is responsible for providing independent advice and judgement to our Board.

Dr. Xiao has at least 15 years of experience in education and academic research in material science. Dr. Xiao commenced his career as a lecturer in (復旦大 學) in April 1992 and has served as a professor for materials science since April 2007 prior to joining our Group. He is primarily responsible for teaching classes, mentoring graduate students and conducting academic researches. Prior to that, Dr. Xiao was a visiting lecturer focusing on electronic packaging material in Eastern Michigan University and Georgia Institute of Technology respectively.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Dr. Xiao obtained his Bachelor of Science degree majoring in chemistry from Fudan University (復旦大學) in July 1983, and further obtained a Master of Science degree majoring in organic chemistry from Fudan University (復旦大學) in July 1986. In December 1991, Dr. Xiao graduated from Shanghai Institute of Organic Chemistry, Chinese Academy of Sciences (中國科學院上海有機化學研究所) with a Doctor of Science degree majoring in organic chemistry. He obtained the teacher’s qualification for higher education institutions (高等學校教師資格) granted by Shanghai Municipal Education Commission (上海市教育委 員會) in December 1996.

Mr.ChenYi(陳一), aged 36, was appointed as our independent non-executive Director on 22 February 2021. Mr. Chen is responsible for providing independent advice and judgement to our Board.

Mr. Chen has over 14 years of experience in financial industry. Prior to joining our Group, from October 2007, Mr. Chen served as an auditor and a senior advisor on merger and acquisition in PricewaterhouseCoopers Hong Kong (香港羅兵咸永道會計師事務所). From October 2011, Mr. Chen served as a senior manager in The Bank of East Asia () Limited (東亞銀行（中國）) responsible for strategic planning. From July 2016, he worked at China Minsheng Investment Co., Ltd. (中國民生投資股份有限公司), whose principal business is investment management, as the manager of strategy and investment department and was responsible for strategic planning. From April 2017, Mr. Chen served as the financial director and secretary of board of directors in Jiangsu PayEgis Co., Ltd (江蘇通付盾科技有限公司), an intelligent network service provider focusing on digital identity authentication, responsible for the financial management of the company. Since January 2018, Mr. Chen has served as the financial director in Guangdong Tepemic Co., Ltd (廣東騰湃醫療股份有限公司), which provides preventive medical services, responsible for financial management.

Mr. Chen obtained his bachelor’s degree in economics and finance from the University of Hong Kong (香港大學) in November 2007. He was admitted as a certified public accountant of Hong Kong Institute of Certified Public Accountants (香港會計師公會)in January 2011.

Mr. Jin Yiting (金益亭), aged 43, was appointed as our independent non-executive Director on 22 February 2021. Mr. Jin is responsible for providing independent advice and judgement to our Board.

Mr. Jin is a qualified independent director recognised by the Shanghai Stock Exchange and a member of the PRC Bar. He has been a partner in AllBright Law Offices since January 2018. Prior to that, Mr. Jin was a senior partner in Zhong Yin Law Firm (中銀律師 事務所).

He obtained a Master of Laws majoring in international economic law from East China University of Political Science and Law (華東政法大學), in Shanghai, the PRC in June 2004, and further obtained an Executive Master of Business Administration degree from the Shanghai Advanced Institute of Finance of the Shanghai Jiao Tong University (上 海交通大學上海高級金融學院) in Shanghai, the PRC in June 2019.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

SUPERVISORY COMMITTEE

Our Supervisory Committee consists of three Supervisors. The following table sets forth certain information regarding our Supervisors:

Relationship with other Directors, Supervisors Date of or senior Date of joining appointment Roles and management Name Age Position(s) our Group as Supervisor responsibilities members

Mr. Zhang Huixiang 61 Chairman of the 18 July 2007 22 February Supervising the None (張惠祥) Supervisory 2021 performance of our Committee Board and members of the senior management in performing their duties to the Company

Mr. Xu Jingming 57 Supervisor 25 December 22 February Supervising the None (徐敬明) 2006 2021 performance of our Board and members of the senior management in performing their duties to the Company

Mr. Tang Baohua 39 Employee December 2014 22 February Supervising the None (唐寶華) representative 2021 performance of our Supervisor Board and members of the senior management in performing their duties to the Company

Mr. Zhang Huixiang (張惠祥), aged 61, was appointed as a Supervisor and elected as the chairman of our Supervisory Committee on 22 February 2021. He is responsible for supervising the performance of our Board and members of the senior management in performing their duties to the Company. Mr. Zhang served as the director, chief financial officer, deputy general manager and secretary of board of directors of Conant Optics from July 2007 to January 2019. He served as the chief financial officer and deputy general manager of our Company from February 2019 to February 2021. Mr. Zhang was appointed as a director of Asahi Holdings on 25 October 2013. As of the Latest Practicable Date, Mr. Zhang held approximately 15.73% of the total issued share capital in Shanghai Shuyun, which held approximately 6.03% of the total issued share capital in our Company. Mr. Zhang is one of the managing partners of Shanghai Shuyun.

From July 2003 to June 2006, Mr. Zhang served in several roles including head of financial department in Shanghai Shipyard Co., Ltd in Pudong (上海浦東船廠), a ship-manufacturing company, and was responsible for the financial management of the company during the time. Mr. Zhang also worked part-time as a lecturer for accounting in several educational institutions, such as Shanghai Open University (上海開放大學) (formerly known as Shanghai Television University (上海電視大學)), Shanghai Lixin University of Accounting and Finance (上海立信會計金融學院) (formerly known as

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Shanghai Lixin Accounting School (上海立信會計學校) and Shanghai Guangbo Additional Studies College (上海廣博進修學院), etc. from February 2002, where he also participated in compiling teaching materials.

Mr. Zhang is a qualified accountant recognised by Ministry of Finance of the People’s Republic of China (中華人民共和國財政部) in October 1994. He is also a qualified secretary of board of directors and member of senior management recognised by Shanghai Stock Exchange and Shenzhen Stock Exchange. Mr. Zhang was appointed as a tutoring expert by Shanghai Small and Medium Enterprise Development Work Unit (上海市促進中小企業發展 工作領業小組) in February 2011. Mr. Zhang was awarded the excellent financial director among the listed companies in the Yangtze River Delta region by Shanghai Securities Press Co., Ltd. (上海證券報社有限公司) and the Associations of Public Companies in Shanghai, Jiangsu, and Anhui in January 2018 and the Listing Company Golden Bull Secretary of Board of Directors (上市公司金牛董秘獎) by China Securities Journal (中國證券報) in 2017.

Mr. Zhang obtained a college degree majoring in accounting from of Finance and Economics (上海財經大學), in Shanghai, the PRC in October 1997. He graduated with a bachelor’s degree majoring in economic management from Nanjing Military Academy (南京軍事學院) in Jiangsu province, the PRC in June 2006.

Mr. Xu Jingming (徐敬明), aged 57, was appointed as a Supervisor on 22 February 2021. He is responsible for supervising the performance of our Board and members of the senior management in performing their duties to the Company. As of the Latest Practicable Date, Mr. Xu held approximately 12.58% of the total issued share capital in Shanghai Shuyun, which held approximately 6.03% of the total issued share capital in our Company.

Mr. Xu joined our Group in December 2006, where he served as head of manufacturing department, procurement manager, and deputy general manager from December 2006 to December 2009, from January 2010 to December 2018, from January 2019 to present, respectively. He was appointed as (i) director of Conant Optics from January 2014 to December 2016 and (ii) a deputy general manager of Shanghai Conant on 1 January 2019, where he is primarily responsible for procurement management, human resource management and other administrative work.

Mr. Tang Baohua (唐寶華), aged 39, was appointed as a Supervisor on 22 February 2021. He is responsible for supervising the performance of our Board and members of the senior management in performing their duties to the Company. Since January 2016, Mr. Tang has served in Shanghai Conant as a human resources manager assistant, where he is primarily responsible for facilitating the manager of the human resources department and managing the administrative work of the department. He was appointed as a supervisor of Shanghai Qiji Intelligent Technology Co., Ltd. (上海旗計智能科技有限公司)(‘‘Shanghai Qiji’’), a company primarily engaged in the provision of value-added services for bank cards, from December 2014 to May 2017 and from March 2018 to May 2020, respectively.

Mr. Tang obtained his Bachelor of Management degree from The Open University of China (國家開發大學) majoring in administrative management in July 2017.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Other disclosure pursuant to Rule 13.51(2) of the Listing Rules

Mr. Fei, the chairman of the Board, an executive Director and the general manager of the Company, was a director or a manager of the following companies prior to its dissolution:

Name of the relevant Place of Principal Means of company Incorporation business activity dissolution/status Reason for dissolution Date of dissolution Mr. Fei’s position

Shanghai Dong Kang Jun PRC Sales of resin Deregistration Business 21 October 2015 Legal representative, Shi Optics spectacle lenses restructuring executive director Technology Co., Ltd. and general manager 上海東康雋視光學科技 有限公司 Hangzhou Conant PRC Sales of resin Deregistration Business 19 May 2015 Legal representative OpticalCo.,Ltd.杭 spectacle lenses restructuring and executive 州康耐特眼鏡有限公司 director Guangzhou Yuexiu PRC Sales of resin Deregistration Business 29 April 2004 Manager District Conant spectacle lenses restructuring Optical Shop 廣州市 越秀區康耐特眼鏡店 Shanghai Conant Optics PRC Sales of resin Deregistration Business 25 February 2011 Manager Co., Ltd. Guangzhou spectacle lenses restructuring Branch 上海康耐特光 學股份有限公司廣州分 公司 Max Sun (Hong Kong) Hong Kong N/A Dissolved Not in operation 13 June 2014 Director Investment Limited 耀豐（香港）投資 有限公司 Big Islands Incorporated United States Sales of resin Dissolved Not in operation 29 December 2010 Chief executive officer spectacle lenses and registered agent

Mr. Fei confirmed that, to the best of his knowledge, (i) each of the dissolved companies above was solvent immediately prior to its dissolution and had no outstanding claim or liabilities; (ii) he has not received any notification in respect of penalty, acting or proceeding from the PRC authorities as a result of the dissolution; and (iii) he is not aware of any actual or potential claim which has been or will be made against him as a result of the dissolution.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Mr. Zheng Yuhong, our executive Director and the deputy general manager of the Company, was a supervisor or a manager of the following companies which was established in the PRC prior to its dissolution:

Name of the relevant Principal business Means of Reason for Mr. Zheng’s company activity dissolution dissolution Date of dissolution position

Shanghai Conant Sales of resin Deregistration Business 31 January 2011 Manager Optics Co., Ltd. spectacle lenses restructuring First Branch 上海康耐特光學股份 有限公司第一分公司 Shanghai Conant Sales of resin Deregistration Business 11 May 2016 Manager Optics Sales Co., spectacle lenses restructuring Ltd. Nanjing East Road Store 上海康耐特光學銷售 有限公司南京東路店 Shanghai Weihedi E-commerce Deregistration Business 21 December 2015 Supervisor Optical Technology business in restructuring Co., Ltd. 上海威合 relation to the 迪光學科技有限公司 sales of resin spectacle lenses

Mr. Zheng confirmed that, to the best of his knowledge, (i) each of the dissolved companies above was solvent immediately prior to its dissolution and had no outstanding claim or liabilities; (ii) he has not received any notification in respect of penalty, acting or proceeding from the PRC authorities as a result of the dissolution; and (iii) he is not aware of any actual or potential claim which has been or will be made against him as a result of the dissolution.

Mr. Xia Guoping, our executive Director and the deputy general manager of the Company, was a manager of the following companies which was established in the PRC prior to its dissolution:

Name of the relevant Principal business company activity Means of dissolution Reason for dissolution Date of dissolution Mr. Xia’s position

Xinchang County Planting and sales of Revocation and Cessation of 10 December 2019 General manager and Xinwang Agriculture flowers deregistration business due to shareholder Co., Ltd. 新昌縣新望農 underperformance 業有限公司 of the company Xinchang County Planting and sales of Revocation and Cessation of 3 November 2020 Manager Xinwang Agriculture flowers deregistration business due to Co., Ltd. underperformance Shengmeiyuan Branch of the company 新昌縣新望農業有限公 司聖玫瑰苑分公司

Mr. Xia confirmed that, to the best of his knowledge, (i) each of the dissolved companies above was solvent immediately prior to its dissolution and had no outstanding claim or liabilities; (ii) he has not received any notification in respect of penalty, acting or

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT proceeding from the PRC authorities as a result of the dissolution; and (iii) he is not aware of any actual or potential claim which has been or will be made against him as a result of the dissolution.

Save as disclosed above and in this document, each of our Directors and Supervisors confirms with respect to himself or herself that he or she (1) did not hold other long positions or short positions in the Shares, underlying Shares, debentures of our Company or any associated corporation (within the meaning of Part XV of the SFO) as of the Latest Practicable Date; (2) had no other relationship with any Directors, Supervisors, senior management or substantial shareholders of our Company as of the Latest Practicable Date; (3) did not hold any other directorships in the three years prior to the Latest Practicable Date in any public companies of which the securities are listed on any securities market in Hong Kong and/or overseas; and (4) there are no other matters concerning our Director’s appointment that need to be brought to the attention of our Shareholders and the Stock Exchange or shall be disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules.

SENIOR MANAGEMENT

Our senior management are responsible for the day-to-day management and operation of our business. The table below sets out certain information regarding our senior management:

Relationship with other Directors, Date of Supervisors appointment or senior Date of joining as senior Roles and management Name Age Position(s) our Group management responsibilities members

Mr. Fei Zhengxiang 60 Chairman of our 25 December 20 June 2018 Formulating the overall None (費錚翔) Board and 2006 development strategies general manager and overseeing the operation of our Group

Mr. Zheng Yuhong 52 Executive 25 December 1January Formulating the overall None (鄭育紅) Director and 2006 2019 development strategies deputy general and overseeing the manager Shanghai operation of our Group

Mr. Xia Guoping 62 Executive 1 April 2010 1 January Formulating the overall None (夏國平) Director and 2019 development strategies deputy general and overseeing the manager Jiangsu operation of our Group

Mr. Chen Junhua 53 Executive 9 October 2009 1 January Overseeing the None (陳俊華) Director and 2019 marketing operations deputy general of our Group manager

Mr. Xu Huyin 34 Financial 11 February 2011 22 February Overseeing the None (許胡寅) controller 2021 accounting and financial management of our Group

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Mr. Fei Zhengxiang (費錚翔), aged 60, is the general manager of our Company. For further details, see ‘‘— Directors — Executive Directors’’.

Mr. Zheng Yuhong (鄭育紅), aged 52, is a deputy general manager of our Company. For further details, see ‘‘— Directors — Executive Directors’’.

Mr. Xia Guoping (夏國平), aged 62, is a deputy general manager of our Company. For further details, see ‘‘— Directors — Executive Directors’’.

Mr. Chen Junhua (陳俊華), aged 53, is a deputy general manager of our Company. For further details, see ‘‘— Directors — Executive Directors’’.

Mr. Xu Huyin (許胡寅), aged 34, was appointed as the financial controller of our Company on 22 February 2021 and is primarily responsible for overseeing the accounting and financial management of our Group. Mr. Xu was also appointed as the financial director of Shanghai Conant in January 2019. As of the Latest Practicable Date, Mr. Xu held approximately 3.61% of the total issued share capital in Shanghai Shuyun, which held approximately 6.03% of the total issued share capital in our Company.

Mr. Xu has over nine years of experience in accounting and financial management. He joined Shanghai Conant as financial supervisor from January 2012 to December 2012 and then serviced as assistant financial manager from January 2013 to December 2013, as deputy financial manager from January 2014 to July 2015 and as financial manager from July 2015 to December 2018, respectively. He was appointed as the financial controller of Shanghai Conant since January 2019. Prior to joining our Group, Mr. Xu worked at Shanghai Liandong Tianxia Network Technology Co., Ltd. (上海聯動天下網絡科技有限公 司), whose principal business is online marketing, as a product manager responsible for web projects and marketing planning from January 2009 to September 2010. Mr. Xu served as a supervisor in Shanghai Qiji, from October 2016 to December 2018.

Mr. Xu obtained a bachelor’s degree in accounting from the department of accounting of Shanghai Sanda University (上海杉達學院) in Shanghai, the PRC in July 2008. Mr. Xu is a member of the Chinese Institute of Certified Public Accountants. He was admitted as a member of 2020 Shanghai Senior Accounting (reserve) Talents (2020年度上海市會計高級 （後備）人才) recognised by Shanghai Finance Bureau.

Mr. Xu did not hold any other directorships in the three years prior to the Latest Practicable Date in any public companies of which the securities are listed on any securities market in Hong Kong and/or overseas.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

JOINT COMPANY SECRETARIES

Mr. Wong Shing Cheung (王承鏱), aged 34, has been appointed as one of our joint company secretaries with effect from the Listing.

Mr. Wong has been a senior manager of SWCS Corporate Services Group (Hong Kong) Limited since March 2020, mainly responsible for managing the company secretarial and compliance work for companies listed on the Stock Exchange. Prior to joining SWCS Corporate Services Group (Hong Kong) Limited, Mr. Wong worked at international accounting firm KPMG, Huajun Holdings Limited (now known as China Huajun Group Limited (中國華君集團有限公司), a company listed on the Stock Exchange (stock code: 0377)) and the Listing Division of the Stock Exchange. Mr. Wong obtained a bachelor’s degree in finance, accounting and management from University of Nottingham in the United Kingdom in July 2009. He is currently a member of the Hong Kong Institute of Certified Public Accountants.

Ms. Cao Xue (曹雪), aged 30, has been appointed as one of our joint company secretaries with effect from the Listing. Ms. Cao was appointed as the secretary of the Board on 22 February 2021.

Ms. Cao has over seven years of experience in the resin spectacle lens industry. She has extensive knowledge about the business operations, corporate culture and matters concerning the corporate governance of the Company. Ms. Cao joined our Group in October 2013 and was responsible for the accounting and financial management of Shanghai Conant until December 2015. She served as a financial supervisor of Shanghai Conant from January 2016 to December 2020 and was appointed as the manager of overseas asset management department of Shanghai Conant in January 2021. She has also served as a director of Asahi Holdings since May 2017. Ms. Cao obtained a bachelor’s degree in literature majoring in Japanese from (同濟大學) in July 2013.

BOARD COMMITTEES

In accordance with the relevant PRC laws, regulations, the Articles and the corporate governance practise prescribed in the Listing Rules, we have formed five board committees, namely, the strategy committee of the Board (the ‘‘Strategy Committee’’), the audit committee of the Board (the ‘‘Audit Committee’’), the remuneration committee of the Board (the ‘‘Remuneration Committee’’), the nomination committee of the Board (the ‘‘Nomination Committee’’) and the risk management committee of the Board (the ‘‘Risk Management Committee’’).

Strategy Committee

The Strategy Committee consists of three Directors, namely Mr. Fei, Dr. Takamatsu Ken and Dr. Xiao Fei. Mr. Fei has been appointed as the chairman of the Strategy Committee. The primary duties of the Strategy Committee are to study and advise on the long-term strategy and major investments of our Group.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Audit Committee

Our Company established an Audit Committee with written terms of reference in compliance with Rule 3.21 of the Listing Rules and the Corporate Governance Code as set out in Appendix 14 to the Listing Rules (the ‘‘CG Code’’). The Audit Committee consists of three members, namely Dr. Xiao Fei, Mr. Chen Yi and Mr. Jin Yiting, our independent non-executive Directors. Mr. Chen Yi has been appointed as the chairman of the Audit Committee, and is our independent non-executive Director possessing the appropriate professional qualifications. The primary duties of the Audit Committee are to review and supervise the financial reporting process and internal control system of our Group, oversee the audit process, review and oversee the existing and potential risks of our Group and perform other duties and responsibilities as assigned by our Board.

Remuneration Committee

Our Company established a Remuneration Committee with written terms of reference in compliance with Rule 3.25 of the Listing Rules and the CG Code. The Remuneration Committee consists of two independent non-executive Directors, being Mr. Jin Yiting and Dr. Xiao Fei, and one executive Director, being Mr. Chen Junhua. Mr. Jin Yiting, our independent non-executive Director, has been appointed as the chairman of the Remuneration Committee. The primary duties of the Remuneration Committee are to establish and review the policy and structure of the remuneration for our Directors and senior management and make recommendations on employee benefit arrangement.

Nomination Committee

Our Company established a Nomination Committee with written terms of reference in compliance with the CG Code. The Nomination Committee consists of two independent non-executive Directors, being Dr. Xiao Fei and Mr. Chen Yi, and one executive Director, being Mr. Xia Guoping. Dr. Xiao Fei, our independent non-executive Director, has been appointed as the chairman of the Nomination Committee. The primary duties of the Nomination Committee are to make recommendations to our Board on the appointment and removal of Directors of our Company.

Risk Management Committee

Our Company has established a Risk Management Committee. The functions of our Risk Management Committee are to monitor our exposure to sanctions risks and our implementation of the related internal control procedures. For details, see ‘‘Business — Business Activities in Countries Subject to International Sanctions.’’ The Risk Management Committee comprises three executive Directors, namely Mr. Fei, Mr. Chen Yi and Mr. Zheng Yuhong. Mr. Fei is the chairman of our Risk Management Committee.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

BOARD DIVERSITY

We have adopted our Board diversity policy (the ‘‘Board Diversity Policy’’) which sets out the objective and approach to achieve and maintain diversity on our Board in order to enhance the effectiveness of our Board. Our Board Diversity Policy provides that our Company should endeavour to ensure that our Board members have the appropriate balance of skills, experience and diversity of perspectives that are required to support the execution of its business strategy.

Pursuant to our Board Diversity Policy, we seek to achieve Board diversity through the consideration of a number of factors, including but not limited to professional experience, skills, knowledge, gender, age, cultural and education background, ethnicity and length of service. Our Nomination Committee is delegated by our Board to be responsible for compliance with relevant code governing board diversity under the Corporate Governance Code. After Listing, our Nomination Committee will review our Board Diversity Policy from time to time to ensure its continued effectiveness and we will disclose in our corporate governance report about the implementation of our Board Diversity Policy on annual basis.

Our Company values gender diversity and the benefits it may bring to the Board. Though we are yet to have gender diversity on our Board, we intend to increase the proportion of female members of the Board over time. The Nomination Committee will take opportunities to increase female representation on our Board when selecting and recommending suitable candidates for Board appointments. It will use its best endeavors to identify and recommend at least one suitable female candidate for the Board’s consideration within three year after the Listing. In addition to the Board level, we will also promote gender diversity when recruiting staff at the mid to senior level to develop a pipeline of female senior management and potential successors to the Board. We plan to provide career opportunities and training programmes to female employees whom we consider to have the suitable experience, skills and knowledge of our operation and business.

Our Board comprises eight members, including four executive Directors, one non-executive Director and three independent non-executive Directors. Our Directors have a balanced mix of experiences, including overall management and strategic development, business and risk management, and finance and accounting experiences. Our Board has a wide range of age, ranging from 36 years old to 64 years old. After due consideration, our Board believes that based on the meritocracy of our Directors, the composition of our Board satisfies our Board Diversity Policy.

WAIVER GRANTED BY THE STOCK EXCHANGE

We have applied to the Stock Exchange for[, and the Stock Exchange has granted,] a waiver from strict compliance with the requirement of Rules 8.12 and 19A.15 of the Listing RulesinrelationtotherequirementofmanagementpresenceinHongKong.Fordetailsof the waiver, see ‘‘Waivers from Strict Compliance with the Listing Rules — Waiver in Relation to Management Presence in Hong Kong’’.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

We have applied to the Stock Exchange for[, and the Stock Exchange has granted,] a waiver from strict compliance with the requirementofRules3.28and8.17oftheListing Rules in relation to the academic or professional qualifications of our Company’s joint company secretaries. For details of the waiver, see ‘‘Waivers from Strict Compliance with the Listing Rules — Waiver in Respect of Joint Company Secretaries’’.

CORPORATE GOVERNANCE

Our Directors recognise the importance of good corporate governance in management and internal procedures so as to achieve effective accountability. Our Group will comply with the CG Code, except for the deviation from the code provision A.2.1 of the CG Code. Mr. Fei is the chairman of our Board and the general manager of our Company and he has been managing our Group’s business and supervising the overall operations of our Group since 2006. Our Directors consider that vesting the roles of the chairman of our Board and the general manager of our Company in Mr. Fei is beneficial to the management and business development of our Group and will provide a strong and consistent leadership to our Group. Our Board will continue to review and consider splitting the roles of the chairman of our Board and the general manager at a time when it is appropriate and suitable by taking into account the circumstances of our Group as a whole.

Save for disclosed in this section, our Group is in compliance with all the code provisions of the CG Code.

COMPENSATION OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

Our Directors, Supervisors and members of our senior management receive compensation from our Company in the form of fees, salaries, contributions to pension schemes, discretionary bonuses, allowances and other benefits in kind.

The aggregate amount of remuneration our executive and non-executive Directors and Supervisors received (including fees, salaries, contributions to pension schemes, discretionary bonuses, allowances and other benefits in kind) for the three years ended 31 December 2020 was approximately RMB4.9 million, RMB5.9 million and RMB5.4 million, respectively.

The aggregate amount of fees, salaries, contributions to pension schemes, discretionary bonuses, allowances and other benefits in kind paid to our five highest paid individuals of our Company, including Directors and Supervisors, during the three years ended 31 December 2020 was approximately RMB4.2 million, RMB4.4 million and RMB4.1 million, respectively.

It is estimated that remuneration and benefits in kind equivalent to approximately RMB5.1 million in aggregate will be paid and granted to our Directors by us in respect of the financial year ending 31 December 2021 under arrangements in force at the date of this document.

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DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT

No remuneration was paid by us to our Directors, Supervisors or the five highest paid individuals as an inducement to join or upon joining us or as a compensation for loss of office in respect of the three years ended 31 December 2020. Further, none of our Directors had waived any remuneration during the same period.

Save as disclosed above, no other payments have been made or are payable in respect of the three years ended 31 December 2020 by our Group to the Directors or Supervisors.

Our Board will review and determine the remuneration and compensation packages of our Directors and senior management which, following the Listing, will receive recommendation from the Remuneration Committee which will take into account salaries paid by comparable companies, time commitment and responsibilities of the Directors and Supervisors and performance of our Group.

COMPLIANCE ADVISER

We have appointed Guotai Junan Capital Limited as our compliance adviser (‘‘Compliance Adviser’’) upon listing of our H Shares on the Stock Exchange in compliance with Rules 3A.19 and 19A.05 of the Listing Rules. Pursuant to Rule 3A.23 of the Listing Rules, the Compliance Adviser will provide advice to us when consulted by us in the following circumstances:

. the publication of any regulatory announcement, circular or financial report;

. where a transaction, which might be a notifiable or connected transaction, is contemplated, including share issues and share repurchases;

. where we propose to use the proceeds of the [REDACTED] in a manner different from that detailed in this document or where our business activities, developments or results deviate from any forecast, estimate, or other information in this document; and

. where the Stock Exchange makes an inquiry of our Company regarding unusual movements in the price or trading volume of the H Shares of our Company.

The term of the appointment shall commence on the Listing Date and end on the date on which our Company distributes its annual report in respect of its financial results for the first full financial year commencing after the Listing Date and this appointment may be subject to extension by mutual agreement.

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