The board of directors of Summit Ascent Holdings Limited, announced that with effect from 15 January 2024: Mr. Chua Ming Huat David has tendered his resignation as an executive Director and chief executive officer; Mr. Chiu King Yan has tendered his resignation as an executive Director; Mr. Lam Kwan Sing has tendered his resignation as an independent nonexecutive Director; Mr. Lau Yau Cheung has tendered his resignation as an independent nonexecutive Director; and Mr. Li Chak Hung has tendered his resignation as an independent non-executive Director. Following the resignation of Mr. Lam as independent non-executive Director, he will also cease to be the chairman of the remuneration committee of the Board, the chairman of the corporate governance committee of the Board, the member of the audit committee of the Board and the member of the nomination committee of the Board. Following the resignation of Mr. Lau as independent non-executive Director, he will also cease to be the chairman of the Nomination Committee, the member of the Audit Committee, the member of the Remuneration Committee and the member of the Corporate Governance Committee.

Following the resignation of Mr. Li as independent non-executive Director, he will also cease to be the chairman of the Audit Committee, the member of the Remuneration Committee, the member of the Nomination Committee and the member of the Corporate Governance Committee.