The board of directors of the Group announced that after careful consideration and thorough discussion with other key management of the Group, Mr. Cheung Wai Kuen, Ms. Kai Xiang Mei, Ms. Liang Linmin, Mr. Huang Wenhua and Mr. Wang Qingyu have respectively tendered their resignation as an executive director, the chairman of the Board, the chairman of the nomination committee of the Board and the chief executive officer of the Group, an
executive Director, a non-executive Director, an independent non-executive Director, a member of each of the Remuneration Committee of the Company, Nomination Committee of the Company and the Audit Committee of the Company and an independent non-executive Director with effect from 7 April 2024. The Board announces that Ms. Wang Aier has been appointed as an executive Director, the chairman of the Board, the chairman of the nomination committee of the Board and the chief executive officer of the Group with effect from 7 April 2024. Ms. Wang, aged 56, holds an executive master's degree in business administration from Sun Yat-sen University and is a business person with 30 years of experience in business management. Ms. Wang is a director of Canadian North Resources Inc. (CNRI), a company listed in Canada. She also serves as the general manager of a Chinese conglomerate whose industries include processing and manufacturing, medical and health care, real estate and finance and is a substantial shareholder of the Company. The Board announces that Mr. Lee Kar Lung has been appointed as a non-executive Director with effect from 7 April 2024. Ms. Lee, aged 46, holds a master's degree in environmental protection from the Chinese University of Hong Kong. Mr. Lee is currently the chairman of Innovest Financial Group Limited, which is mainly engaged in asset management, wealth management, inheritance planning and education, and lending businesses in Hong Kong. Mr. Lee was also a director of Gotong Logistics Limited (Trading) from 2006 to 2016 and was re-designated as a non-executive director of Gotong Logistics (Trading) Company Limited from 2016. Mr. Lee is a business person with more than 15 years of experience in the industry and is a substantial shareholder of the Company.