The board of directors of China Kangda Food Company Limited announced that each of Mr. Luo Zhenwu (?Mr. Luo?) and Mr. Li Wei (?Mr. Li?) has tendered their respective resignation as an executive Director and all other positions held by them with the Group (as applicable) on 24 January 2024 with immediate effect. Following their resignations, Mr. Luo will cease to be a member of the remuneration committee of the Company;an authorized representative of the Company (?Authorized Representative?) and all his other positions held with the Group. Mr. Luo and Mr. Li have confirmed to the Company that their resignations were due to their intention to focus on their respective other business pursuits and commitments.

Mr. Luo and Mr. Li have confirmed to the Company that besides the Company owed their respective salaries, they have no disagreement with the Board and there is no matter relating to their resignations that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the ?Stock Exchange?).