Boill Healthcare Holdings Limited announced Mr. Qiu Bin has been redesignated from a non-executive Director to an executive Director and ceased to be a member of the Audit Committee with effect from 21 August 2023; Ms. Yu Yixing has tendered her resignation as an executive Director and will cease to be a member of the Remuneration Committee with effect from 31 August 2023; Mr. Yi Baxian, an independent non-executive Director, has been appointed as a member of the Audit Committee with effect from 21 August 2023; and Mr. Chan Chi Keung, Billy, an independent non-executive Director, has been appointed as a member of the Remuneration Committee with effect from 31 August 2023. Mr. Qiu, aged 55, was appointed as a non-executive Director on 9 September 2022 and has been redesignated as an executive Director and the Chief Executive Officer with effect from 21 August 2023. Mr. Qiu holds a Master of Business Administration Degree from the City University of Macau.

Mr. Qiu has over 30 years of experience in investment management and worked at various enterprises in Beijing, Shanghai and Shenzhen where he was responsible for project investment and assets restructuring. From January 2009 to October 2011, Mr. Qiu served as the general manager of China Technology Education Trust Association. Mr. Qiu also served various positions in companies the shares of which are listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), including the chief executive officer of Sun Century Property Group Company Limited, a wholly-owned subsidiary of Suncity Group Holdings Limited in November 2011 and an executive director of Sun City from June 2012 to July 2015; an executive director and the chief executive officer of Sheng Yuan Holdings Limited from July 2017 to January 2020; an executive director, chairman of the board and the chief executive officer of HongDa Financial Holding Limited (currently known as China Wood International Holding Co., Limited) from March 2020 to December 2020; and an executive director of China Regenerative Medicine International Limited from May 2020 to December 2020.

Mr. Qiu has been serving as the chairman of Pacific Assets Alliance Limited since January 2013.