The board of directors of Frontage Holdings Corporation announced that Mr. Jianmin (Andrew) Wang ("Mr. Wang") has tendered his resignation and will resign as the chief financial officer of the Company due to his other professional endeavors with effect from February 1, 2024. Mr. Wang has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation which needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Jun (Henry) Gao ("Mr. Gao") will join the Company as the Chief Financial Officer with effect from February 1, 2024.

Mr. Gao, aged 48, will be responsible for the management of all aspects of the Group's finance and treasury matters. Mr. Gao possesses more than 25 years of experience in leading various functions including finance, audit, investment, project management, compliance and board office. He also has vast experience in leading IPO and M&A projects.

Mr. Gao was a member of the Company's board of directors from 2018-2022 and has been appointed as the President of Asia Pacific since January 2024. Prior to his appointment as the President of Asia Pacific, Mr. Gao was the executive director and chief financial officer of Shanghai Duoning Biotechnology Co. Ltd. since September 2021.

From November 2016 to September 2021, Mr. Gao worked at Hangzhou Tigermed Consulting Co. Ltd. as the board secretary, deputy general manager and chief financial officer, responsible for its overall financial management, disclosure control and investor relations. Prior to this and until October 2016, he was the chief financial officer and board secretary of Shanghai Xiaoi Robot Technology Corporation Limited.

From May 2011 to December 2015, he was the chief financial officer and board secretary of McWong Environmental Technology Corporation Limited. Previous to that, Mr. Gao held various positions in Hong Kong Shanghai Alliance Holdings Limited (formerly known as Van Shun Chong Holdings Limited), City North Infrastructure Pty Ltd., Rio Tinto Group, a company listed on the London Stock Exchange, Australian Securities Exchange and New York Stock Exchange, and Felix Resources Ltd, a company that was listed on the Australian Securities Exchange. From May 2001 to June 2007, he worked at Foster Wheeler AG, a company listed on NASDAQ in a variety of leadership roles including the China finance manager, chief compliance officer and project control director for Asia.

Prior to that, he worked (Shanghai) Co., Limited. Mr. Gao received his bachelor' s degree from Shanghai University of Finance & Economics, China, majoring in international accounting. He is a Certified Public Accountant in China, an internationally accredited Certified Internal Auditor, an Associate of the Chartered Institute of Management Accountants (UK), a member of the Association of International Certified Professional Accountants (US & UK) and a Fellow of the Association of Chartered Certified Accountants (UK).