ANE (Cayman) Inc. announced with effect from November 20, 2023, Mr. Lam Man Kwong (" Mr. Lam ") resigned as independent non-executive Director, and ceased to be a member of the audit committee, nomination committee and environmental, social and governance committee of the Company and the chairman of remuneration committee of the Company (collectively, the "Resignations") to devote more time on his personal business ventures. The Board further announces Mr. Hung Cheung Fuk ("Mr. Hung") has been appointed as an independent non-executive Director with effect from November 20, 2023. Mr. Hung is primarily responsible for supervising and providing independent opinion and judgement to the Board.

Mr. Hung, aged 51, joined the Company in November 2023. Mr. Hung has over 28 years of experience in the investment banking industry. He was co-head of Investment Banking and Capital Markets, Asia Pacific, and later served as vice chairman at Credit Suisse until January 2023.

During his 25 years tenure at Credit Suisse, Mr. Hung has led various products and industry groups as well as in senior management roles, based in Hong Kong and Shanghai, providing strategic and financing solutions to corporates and shareholders. Mr. Hung began his investment banking career at BZW Asia Limited in 1995 and joined Credit Suisse First Boston in 1998. The Board further announces that, Mr. Hung has been appointed as a member of the audit committee, nomination committee and environmental, social and governance committee of the Company and the chairman of remuneration committee of the Company with effect from November 20, 2023.