On February 19, 2024, Mr. Peng Xu and Mr. Peng Sigang resigned from their positions as members of the Nominating and Corporate Governance Committee and the Compensation Committee of the Board of Directors of BTC Digital Ltd. (the ?Company?), effectively immediately. On the same date, the Board of Directors of the Company appointed Mr. Jiang Yuejun and Ms. Ren Ye as members of the Nominating and Corporate Governance Committee and the Compensation Committee, effective February 19, 2024. The resignation and the appointment of the committee members were conducted to ensure that the committees have at least three members, each of whom is an independent director as defined under Nasdaq Rule 5605(a)(2).