The board of directors of Citychamp Watch & Jewellery Group Limited announced that Mr. Hao Xiaohui has resigned as executive director of the Company with effect from 27 March 2024 due to the fact that he would like to devote more time to his other business commitment. The Board further announced that Mr. Li Ziqing has resigned as independent non-executive director of the Company with effect from 27 March 2024 due to the fact that he would like to devote more time to his other business commitment. Following the above resignations, the composition of the Board Committees of the Company has been changed as follows with effect from 27 March 2024: Mr. Hao has ceased to be a member of the Risk Management Committee; Mr. Siu has been appointed as a member of the Risk Management Committee; Mr. Li has ceased to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; Ms. Sit Lai Hei has ceased to be the chairman of the Risk Management Committee; and Mr. Teguh Halim has been appointed as the chairman of the Risk Management Committee.