China Uptown Group Company Limited dated 21 December 2023 relating to, among others, the appointment of Mr. Cheng Chi Kin as a member of the
remuneration committee of the Company in place of Mr. To Kwan with effect from 21 February 2024. The board of directors of the Company announces that: Mr. Cheng resigned as an executive Director and Chief Executive Officer with effect from 1 March 2024 as he would like to spend more time pursuing his own business; Mr. Liang Zhichao was appointed as an executive Director with effect from 29 January 2024; and Mr. Pan Shimin, the Chairman of the Board and an executive Director, has been appointed as a member of the Remuneration Committee with effect from 21 February 2024. Mr. Liang Zhichao, aged 46, has extensive experience in handling relationships and liaising with various administrative departments. He served as a manager of engineering department of and during January 2011 to July 2019 and October 2019 to February 2022 respectively. Mr.
Liang also served as a legal affairs assistant manager of Virtual Mind Holding Company Limited during June 2022 to December 2023. Mr. Liang graduated from Xiamen University majoring in business administration.