Aidigong Maternal & Child Health Limited announced that after careful consideration and thorough discussion with other key management of the Group, Ms. Zhu Yufei has resigned as an executive director, the chairman of the Board, the chairman of the nomination committee of the Board of the Group with immediate effect and has been re-designated as the chairman of the Group's Maternal and Child Cluster Strategy Committee and the global president of the Maternal and Child Cluster, with effect from 26 October 2023. Ms. Zhu will continue to serve the Group. The transfer is to allow Ms. Zhu more time to devote to the business while still being able to contribute her valuable skills and experience to the Group.

At the same time, Ms. Zhu has solemnly recommended Mr. Cheung Wai Kuen (?Mr. Cheung?) to be the chairman of the Board and the of the Group. Mr. Cheung will focus on the capital markets and the day-to-day administration of the Group, and will fully cooperate with the business team under the leadership of Ms. Zhu to work together to pursue common development, with a view to realizing the ?Five Years and Fifty Cities? strategic goal.

Ms. Zhu has confirmed that she has no disagreement with the Board and there is no other matter that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in respect of her resignation. The Board also announced that Mr. Cheung has been appointed as the chairman of the Board, the chairman of the Nomination Committee of the Group on 26 October 2023. Mr. Cheung Wai Kuen, aged 49, joined the Company as executive Director in August 2012 and has been appointed as the chairman of the Board since September 2012 and he became a joint chairman upon Ms. Zhu Yufei's appointment as a joint chairman.

He has stepped down from his role as one of the joint chairman of the Board with effect from 27 June 2021 but remained as an executive Director. He is also a director of certain subsidiaries of the Group. Mr. Cheung has 20 years of operational experience in the healthcare industry as well as rich resources in the industry.

Mr. Cheung, through his controlled corporation, Champion Dynasty Limited (?Champion Dynasty?) is deemed to be interested in 530,379,671 Shares held by Champion Dynasty. Mr. Cheung is a director of Champion Dynasty, a substantial shareholder of the Company.