The board of directors of CCID Consulting Company Limited announced that Mr. Qin Hailin (Mr. Qin) has tendered his resignation as an executive director of the Company due to the re-arrangement of work for other appointment. The resignation of Mr. Qin as an executive director of the Company will be subject to the approval of the shareholders of the Company (the Shareholders) by way of a separate ordinary resolution at the Company's extraordinary general meeting (EGM). Mr. Qin resigned as general manager with immediate effect and remains as an executive director.

Mr. Qin has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the Shareholders. The Board further announced that Mr. Fu Changwen (Mr. Fu) has been appointed by the Board as a general manager of the Company in place of Mr. Qin with effect from 6 March 2023. Mr. Fu's term of office as a general manager of the Company will be from 6 March 2023 to the expiry date of the term of the current session of the Board.

Mr. Fu has entered into a service contract with the Company in respect of his appointment as a general manager which will be effective from 6 March 2023. Pursuant to the service agreement, Mr. Fu is not entitled to receive any remuneration in his capacity as general manager.