The board of directors (the "Board") of Edvance International Holdings Limited (the "Company") announced that on 31 January 2023, Mr. Yu Kwok Chun Raymond ("Mr. Yu") has resigned as an independent non-executive director of the Company with effect from 31 January 2023 due to his other personal commitments. Following the resignation of Mr. Yu and with effect from 31 January 2023, the composition of the following board committees shall be changed as follow: (i) Audit committee of the Board: Mr. Yu shall cease to be a member and Mrs. Wong Hung Flavia Yuen Yee ("Mrs. Wong") (an independent non-executive director) shall become a member in place of Mr. Yu. (ii) Nomination committee of the Board: Mr. Yu shall cease to be a member and Mrs. Wong (an independent non-executive director) shall become a member in place of Mr. Yu.

Remuneration committee of the Board: Mr. Yu shall cease to be a chairman and Mrs. Wong (an independent non-executive director) shall become a chairman in place of Mr. Yu.