The board (the "Board") of directors (the "Director(s)") of Global Mastermind Holdings Limited (the "Company") announces the following changes of the Company: Mr. Wong Chun Hung Hanson ("Mr. Wong") has been appointed as a non-executive Director with effect from 16 June 2023. The biographical details of Mr. Wong are summarised as follows: Mr. Wong, aged 49, has been appointed as a non-executive Director. He has over 21 years of experience in the finance industry.

He is the co-founder of and was the director of Seazen Resources Capital Group Limited from January 2015 to December 2022, which mainly engaged in managing a portfolio of companies that engaged in the provision of security brokerage and underwriting services, asset management services, and money lending services. Mr. Wong is currently a non-executive director of Asia Grocery Distribution Limited, a company listed on GEM operated by The Stock Exchange of Hong Kong Limited (the "Exchange") ("GEM") (stock code: 8413) and a non-executive director of Link Holdings Limited, a company listed on GEM (stock code: 8237). There is no written service contract entered into between the Company and Mr. Wong.

Mr. Wong is not appointed for a specific term but is subject to the general requirement of retirement by rotation of Director at each annual general meeting of the Company under the articles of association of the Company. The director's fee for Mr. Wong will be determined by the Board with reference to his experience, the level of responsibilities undertaken, extent of contributions, effort and time spent and the recommendation from the remuneration committee of the Board. Mr. Mung Bun Man Alan ("Mr. Mung") has tendered his resignation as the managing Director and the chairman of the corporate governance committee of the Board with effect from 16 June 2023 due to his personal reason, but remains as an executive Director and a member of each of the remuneration committee and nomination committee of the Board.

Mr. Mung has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation as the managing Director and the chairman of the corporate governance committee of the Board that needs to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Mung for his valuable contribution to the Company during the tenure of his office as the managing Director and the chairman of the corporate governance committee of the Board. Following the resignation of Mr. Mung as the chairman of the corporate governance committee of the Board, Mr. Cheung Kwok Wai Elton, an executive Director, has been appointed as chairman of the corporate governance committee of the Board in place of Mr. Mung with effect from 16 June 2023.