The board of directors of China Kangda Food Company Limited announced that Mr. Li Xu has tendered his resignation as an independent non-executive Director with effect from 12 July 2023 due to pursuit of his other business commitments and as a result, he would cease to be the chairman of the audit committee (the "Audit Committee") and a member of the remuneration committee (the "Remuneration Committee") and a member of the nomination committee (the "Nomination Committee") of the Board. The Board also announces that Ms. Hui Wing Man has tendered her resignation as an independent non-executive Director with effect from 12 July 2023 due to pursuit of her other business commitments and as a result, she would cease to be the chairman of the Nomination Committee and a member of the Audit Committee and a member of the Remuneration Committee. Each of Mr. Li Xu and Ms. Hui Wing Man has confirmed that he/she has no disagreement with the Board and there is no matter relating to his/her resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board announced that Mr. Li Wai Puiand Ms. Lee Ho Yee have been appointed as independent non-executive Directors with effect from 12 July 2023. Mr. Li Wai Pui, aged 53, has served in the Hong Kong Police Force for 21 years from 1989 to 2010. During his service in the police force, he has handled criminal investigations for a long time, during which he successively worked in the anti-triad group, the criminal investigation team, and the Organized Crime and Triad Bureau, with his last position being a detective sergeant before his retirement.

Since December 2022, Mr. Li has been an adviser to China Asia Valley Group Limited and has subsequently been promoted to the vice president, and was responsible for the acquisition and the construction of the localized platforms, and he left office in May 2023. Mr. Li graduated from the Hong Kong Police College in 1989. Ms. Lee Ho Yee ("Ms. Lee"), aged 53, has approximately 20 years of relevant experience in accounting and company secretarial field.

Ms. Lee was the managing director of HY CPA Limited from September 2017 to April 2021 and the managing director of KL CPA Limited from March 2006 to March 2019. She was the company secretary of Plus Holdings Limited from January 2006 to August 2008 and the company of First Dragoncom Agro-Strategy Holdings Limited from October 2004 to January 2006. Ms. Lee served as the chief accountant of New Dragon Asia Corp.

from October 2000 to November 2004. Ms. Lee obtained a bachelor's degree in Business (Accounting) from Monash University, Australia in 1993. She is a member of the Hong Kong Institute of Certified Public Accountants and a Certified Practising Accountant (Australia).

The Board further announces that with effect from 12 July 2023, the composition of the Board committees will be changed as follows: Audit Committee: Mr. Ma Siu Kit, (chairman), Mr. Li Wai Pui, Ms. Lee Ho Yee. Remuneration Committee: Mr. Li Wai Pui (chairman), Mr. Luo Zhenwu Mr. Ma Siu Kit, Ms. Lee Ho Yee. Nomination Committee: Ms. Lee Ho Yee (chairlady), Mr. Fang Yu, Mr. Ma Siu Kit, Mr. Li Wai Pui.