The board of China Conch Venture Holdings Limited announces that Mr. LI Jian resigned as an executive Director and a deputy general manager of the Company with effect from 11 March 2024, due to his decision to devote more time to his personal affairs. Mr. Li has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.