GBA Holdings Limited announces that with effect from 10 June 2022, Mr. Lau Ho Kit, Ivan ("Mr. Lau") has resigned as an independent non-executive Director, the chairman of the audit committee (the "Audit Committee") and a member of each of the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company due to his personal commitments. The Board announce that Ms. Wu Wai Shan ("Ms. Wu") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee of the Company with effect from 10 June 2022. Ms. Wu, aged 34, is currently the Investor Relations Senior Manager of Beijing Enterprises Urban Resources Group Limited since April 2020 and she joined Beijing Enterprises as Investor Relations Manager and Assistant Finance Manager from June 2017 to January 2018 and as Investor Relations Manager from January 2018 to April 2020.

She is responsible for formulating the investor relations strategies for the Company and conducting meetings with investors. Ms. Wu worked in Kong Sun Holdings Limited from August 2016 to May 2017 with her last position held as Assistant Finance Manager. She also worked in China Mobile Games and Entertainment Group (HK) Limited from September 2015 to August 2016 with her last position held as Assistant Finance Manager.

She also worked in China Resources Enterprise, Limited from May 2014 to June 2015 with her last position held as Deputy Financial Accounting Manager. She also worked in RSM Nelson Wheeler from July 2010 to November 2013 with her last position held as Senior Accountant. Ms. Wu obtained a Bachelor of Business Administration in Accounting from Lingnan University in 2010.

Ms. Wu was admitted as a member of the Hong Kong Institute of Certified Public Accountants since 2014. Ms. Wu has entered into a letter of appointment dated 10 June 2022 with the Company. She is entitled to receive a director's remuneration of HKD 120,000 per annum, which is determined by the Board or its delegated committee with reference to her duties and responsibilities within the Company as well as the prevailing market conditions.

She has been appointed as an independent non-executive Director for an initial term of one year commencing from the date of appointment and her directorship in the Company is subject to retirement by rotation and re-election at the next following annual general meeting of the Company in accordance with the bye-laws of the Company.