The board of directors of Baiying Holdings Group Limited deeply regrets to announce that Mr. Deng Huaxin, one of the joint company secretaries and the compliance officer of the Company, passed away on 18 October 2021. The Board and the staff of the Company are deeply saddened by Mr. Deng's death. The Board also announces that Ms. Ng Ka Man will continue to hold the position as the company secretary of the Company, and Mr. Huang Dake, an executive director of the Company, will be holding the position as the compliance officer of the Company pending the appointment of suitable candidate for such position with immediate effect from the date of this announcement. The Board conveys its deepest condolences to Mr. Deng's family and relatives and expresses its sincere appreciation to Mr. Deng for his valuable contributions to the Company during his tenure of office.