The board (the "Board") of directors of Diwang Industrial Holdings Limited hereby announced on 24 January 2024, Mr. Zheng has tendered his resignation from the positions of an independent non-executive Director and a member of the audit committee (the "Audit Committee") of the Company, with effect from the same date, as he has other personal engagements which require more of his dedications. The Board also announced that with effect from 24 January 2024, Mr. Huang has been appointed as an independent non-executive Director and a member of the Audit Committee. Mr. Huang, aged 55, obtained a bachelor of civil engineering from the Department of Civil Engineering of Guangxi University in 1990 and has over 33 years of experience in corporate investment and business development.

From 1999 to 2007, he served as Chairman of Chengdu Sanhuan Investment Company. From 2008 to 2012, he was the general manager of Chongqing Dazu Creative Industry Investment Development Co. Ltd. From 2014 to 2022, he served as President of Shanghai Ou Zhuoya Enterprise Development Group Co.

Ltd. Mr. Huang is currently the president of Shanghai Yulin Chamber of Commerce, executive president of Shanghai Guangxi Chamber of Commerce, vice president of Guangxi Yulin Overseas Friendship Association, Vice chairman of Yulin City Federation of Industry and Commerce and member of the Yulin City Yuzhou District CPPCC.