BaWang International (Group) Holding Limited announced with effect from 27 May 2022 that Dr. NGAI Wai Fung retired as an independent non-executive Director, the chairman of the Audit and Risk Management Committee, and a member of each of the Nomination Committee and Remuneration Committee; Dr. LIU Jing has been appointed as an independent non-executive Director and a member of Audit and Risk Management Committee to fill the vacancy resulting from the retirement of Dr. NGAI Wai Fung; Mr. CHEUNG Kin Wing has been appointed as the chairman of the Audit and Risk Management Committee; and Dr. WANG Qi has been appointed as a member of each of the Nomination Committee and Remuneration Committee.