The Board of directors of Yun Lee Marine Group Holdings Limited announces that, Mr. Wu Tai Cheung ("Mr. Wu") has tendered his resignation as an independent non-executive Director due to other business commitments with effect from 9 January 2023. Mr. Wu has ceased to be the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company with effect from 9 January 2023. The Board announce that Ms. Hong Ting ("Ms. Hong") has been appointed as an independent non-executive Director, a member of the Remuneration Committee, Nomination Committee and the Chairperson of Audit Committee of the Company, with effect from 9 January 2023.

Ms. Hong Ting, aged 36, obtained a Bachelor of Business degree from The Chinese University of Hong Kong in 2008. She is a fellow member of the Hong Kong Institute of Certified Public Accountants and a Certified Public Accountant (Practising) in Hong Kong. She worked for an international audit firm and has over 14 years of experience in accounting, auditing, taxation and financial consulting.

Ms. Hong is currently the managing director of a certified public accountants firm in Hong Kong. Ms. Hong is also currently a non-executive director of Alco Holdings Limited and an independent non-executive director of Wai Chun Bio-Technology Limited.