The board of directors of Central Wealth Group Holdings Limited announced that Ms. Chen Jingxian has resigned as an executive director and the vice chairman of the Company with effect from 24 July 2023 to focus on her other business engagements. Upon her resignation, Ms. Chen has ceased to be a member of the Executive Committee of the Company. Ms. Chen has confirmed that she has no disagreement with the Board and is not aware of any matters relating to her resignation that need to be brought to the attention of the shareholders of the Company.