The board of directors of Basetrophy Group Holdings Limited announced that Mr. Iu Tak Meng Teddy (Mr. Iu) has tendered his resignation as an independent non-executive Director, the chairman of the remuneration committee of the company, a member of each of the audit committee of the company and nomination committee of the company with effect from 12 February 2022 due to his wishes to devote more time on his personal development. The Board further announces that Mr. Ngok Ho Wai, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee, and a member of each of the Audit Committee and Nomination Committee in replacement of Mr. Iu with effect from 12 February 2022.