The board of directors of China Renaissance Holdings Limited announced that Mr. Li Eric Xun (Mr. Li) and Mr. Liu Xing (Mr. Liu) have resigned as non-executive Directors with effect from July 14, 2023 due to their other business engagements which require more of their time and dedication. Each of Mr. Li and Mr. Liu has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as a non-executive Director that needs to be brought to the attention of the shareholders of the Company.