The board of directors of China Supply Chain Holdings Limited announced that at a Board meeting held on 22 August 2023, it was resolved that the duties of Mr. Dai Jian as the vice chairman of the Board and an executive Director of the Company be suspended with immediate effect until further notice. The reason of the Board's decision being that Mr. Dai has engaged in conducts which, in the opinion of the Board, are unbefitting of a director of the Company. The Group's operation has been affected due to Mr. Dai has not handle the document of the Company and perform his director's duties at the proper time.