The board of directors of ANE (Cayman) Inc. announced with effect from December 31, 2023, Mr. Lin Sam Disheng (?Mr. Lin?) has resigned as Chief Financial Officer of the Company (the ?Resignation?) in order to devote more time on his personal business ventures. Mr. Lin has confirmed that he has no disagreement with the Board and there is no matter relating to the Resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board further announced Mr. Xu Hao (?

Mr. Xu ?) has been appointed as Chief Financial Officer of the Company with effect from January 8, 2024. Mr. Xu, aged 41, has joined the Company since January 2024. Mr. Xu has over 18 years of experience in the corporate finance field.

Prior to joining the Company, Mr. Xu worked at Shanghai Fosun High Technology (Group) Co., Limited (an affiliate of Fosun International Limited as the Chief Financial Officer of the Healthcare Consumer Group. Prior to that, Mr. Xu started his career as a management trainee of Unilever (China) in July 2005 and later served as financial director, vice president, head of operations and other high-level management positions in consumer and retail companies with leading logistics and supply chain capabilities, such as Yihaodian, Columbia Sportswear, and Hema. Mr. Xu obtained a bachelor's degree in economics from Fudan University in July 2005 and a master's degree in business administration from Shanghai Advanced Institute of Finance (SAIF) of Shanghai Jiao Tong University in July 2014.