The board of directors of China Parenting Network Holdings Limited announced that Mr. Wu Chak Man has resigned from his position as an independent non-executive Director of the Company with effect from 13 April 2023 due to his other business commitment. Following his resignation, Mr. Wu ceased to be the chairman of the audit committee of the Board. Mr. Poon, aged 49, has been appointed as an independent non-executive Director with effect
from 13 April 2023. Mr. Poon has over 10 years of business experience. Mr. Poon had worked as a financial controller for CannAwake Corporation, the shares of which are traded in the OTC markets. He previously worked at well-known accounting and consulting firms, during which he provided business and operational consulting services to multinational corporations, state-owned enterprises and private equity funds in the United States and the PRC, focusing in the natural resources industries. Mr. Poon holds a Bachelor of Arts degree in Economics from the University of Tennessee, USA. He is a Certified Practitioner of Asset Management Association in China. Following the resignation of Mr. Wu, Mr. Poon, the independent non-executive Director, has been appointed as the chairman of the audit committee of the Company to take the place of Mr. Wu with effect from 13 April 2023.