The board of directors of Bao Shen Holdings Limited announced that Mr. Chan Chun Chi resigned as an independent non-executive Director and the chairman of the audit committee of the Company and the member of each of the remuneration committee and nomination committee of the Company on 31 December 2023 due to his wishes to devote more time on his other business commitments. The Board has resolved that Mr. Ho Ka Chun, an independent non-executive Director, has been re-designated as the chairman, from a member, of the Audit Committee since 31 December 2023. Mr. Fan Zhijian, an executive Director, chief executive officer, chairman of the Board and compliance officer has been appointed as a member of each of the Nomination Committee and the Remuneration Committee since 31 December 2023.