The board of directors of Goldlion Holdings Limited announced the changes in Directors and composition of the board committees of the Board as follows: Mr. Ngan On Tak (?Mr. Ngan?) will retire by rotation from the office of independent non- executive Director in accordance with the articles of association of the Company and has decided not to offer himself for re-election at the forthcoming annual general meeting of the Company scheduled for 24th May 2024 (the ?2024 AGM?), details of which will be announced by the Company in due course, due to his intention to devote more time to his other personal commitments. Accordingly, Mr. Ngan will cease to be an independent non-executive Director with effect from the conclusion of the 2024 AGM. Mr. Ngan has confirmed that he has no disagreement with the Board and there are no other matters in relation to his retirement by rotation and cessation of directorship that need to be brought to the attention of the shareholders of the Company.

Changes in composition of board committees: Consequent upon Mr. Ngan's retirement by rotation, Mr. Ngan will cease to be a member of each of the Audit Committee and the Nomination Committee of the Board and the chairman of the Remuneration Committee of the Board, with effect from the conclusion of the 2024 AGM.