The Board of Cteh Inc. announces that with effect from the close of the Share Offer on 19 July 2021: Mrs. Rita Pik Fong Tsang and Ms. Annie Shuk Fong Tsu have resigned as the executive Directors; Dr. Kwok Chun Dennis Chu has resigned as the non-executive Director; and Dr. Michael Edward Ricco, Mrs. Kitty Yuk-Yee Yeung, and Mr. Sik Yuen Lau have resigned as independent non-executive Directors. The Board further announces that with effect from the close of the Share Offer on 19 July 2021: 1. Mr. Liu and Ms. Kou Chung Yin Mariana have been appointed as executive Directors; 2. Mr. Liu Jiefeng has been appointed as non-executive Director; and 3. Mr. Fong Wai Bun Benny, Ms. Suen Yin Wah Chloe and Ms. Kwan Ka Yee have been appointed as independent non-executive Directors. Mr. Liu, aged 48, is an executive director of Wisdom Education International Holdings Company Limited. He is responsible for the overall formulation, supervision and guidance of business strategies, planning and development of the Wisdom Group. From October 2002 to July 2016, Mr. Liu served as a director at Guangdong Guangzheng Educational Group Co. Ltd. Mr. Liu also holds interest in other companies that are engaged in other businesses, including but not limited to, real estate, construction, hotel and tourism in the PRC. Ms. Kou Chung Yin Mariana ("Ms. Kou"), aged 37, is an executive director and the chief executive officer of Research Study Education Group, a company that provides overseas education services to students in the Greater Bay Area, since December 2019, where she is mainly responsible for the strategic planning and day-to-day business operations of the company. From May 2010 to November 2019, she was at CLSA Limited, a company that provides corporate finance and asset management services, where she was most recently the head of China Education and HK consumer research and she had participated in a number of IPOs in various business sectors. Ms. Kou is also the author of a book titled "Investing in Dragons: Education Industry and Capital Markets". Mr. Liu Jiefeng, aged 29, is the deputy manager of Andres International Education Group, where he is primarily responsible for formulating the annual investment plan and overseeing the daily operations of kindergartens that are operated by the group. Prior to joining Andres International Education Group, from November 2014 to March 2016, Mr. Liu Jiefeng was a chairman assistant at Dongguan Fuying Real Estate Development Co., Ltd, where he was responsible for the liaison with and coordination between different departments within the group. Mr. Fong Wai Bun Benny ("Mr. Fong"), aged 48, is the director of corporate finance at I.T. Limited, a Hong Kong company that is engaged in the retailing of fashion apparels and accessories, since August 2011, where he is primarily responsible for overseeing the corporate finance and investor relations departments of the group. From May 2008 to May 2011, he was the portfolio manager at Adept Capital Partners, a Hong Kong based boutique investment firm, where he was responsible for formulating and managing the investment portfolio of a number of funds, and risk analysis. Ms. Suen Yin Wah Chloe ("Ms. Suen"), aged 38, is the vice chairman and chief executive officer at ASL Group. She is also the chairman of Simon Suen Foundation, a charitable organization in Hong Kong that promotes Chinese arts and culture and operates the Sun Museum. Ms. Kwan Ka Yee (Ms. Kwan), aged 40, is the finance and operation director of Voyager Capital Limited, a Hong Kong based private equity firm that provides investment management and advisory services, since July 2019, where Ms. Kwan is primarily responsible for overseeing the daily operations, formulating budget and performance measures, and preparation of the firm's audit and tax filing matters. The Board announces that with effect from the close of the Share Offer on 19 July 2021: Mrs. Rita Pik Fong Tsang has resigned as the chairperson of the Board; Ms. Annie Shuk Fong Tsu has resigned as the chief executive officer of the Company; and Ms. Kou has been appointed as the chairperson and the chief executive officer of the Company. The Board announces that with effect from the close of the Share Offer on 19 July 2021, the composition of the committees of the Board has been changed as follows: Mr. Sik Yuen Lau has resigned as the chairman of the audit committee of the Company (the "Audit Committee"), and Dr. Michael Edward Ricco and Dr. Kwok Chun Dennis Chu have resigned as members of the Audit Committee. Ms. Kwan Ka Yee has been appointed as the chairperson of the Audit Committee, and Ms. Suen Yin Wah Chloe and Mr. Fong Wai Bun Benny have been appointed as members of the Audit Committee. Dr. Michael Edward Ricco has resigned as the chairman of the remuneration committee of the Company (the "Remuneration Committee"), and Mrs. Kitty Yuk-Yee Yeung, Mr. Sik Yuen Lau, and Dr. Kwok Chun Dennis Chu have resigned as members of the Remuneration Committee. Mr. Fong Wai Bun Benny has been appointed as the chairperson of the Remuneration Committee, and Mr. Liu and Ms. Kwan Ka Yee have been appointed as members of the Remuneration Committee. Mrs. Rita Pik Fong Tsang has resigned as the chairperson of the nomination committee of the Company (the "Nomination Committee"), and Mrs. Kitty Yuk-Yee Yeung and Dr. Michael Edward Ricco have resigned as members of the Nomination Committee. Ms. Suen Yin Wah Chloe has been appointed as the chairperson of the Nomination Committee, and Ms. Kou Chung Yin Mariana and Mr. Fong Wai Bun Benny have been appointed as members of the Nomination Committee.