The board of directors of Global Strategic Group Limited announced that with effect from 30 October 2023, Mr. Wu Chunyao ("Mr. Wu") has been appointed as an executive Director and Dr. Cheng Chak Ho ("Dr. Cheng") has been appointed as an independent non-executive Director. Mr. Wu, aged 29, has over 10 years of experience in business management, operation and provision of consultation services. He was a unit manager of Beijing Bozheng Xinda Investment Consulting Co.

Ltd. from 2012 to 2014. He also works as a vice president of Shanghai Chunfeng Financial Information Services Co. Ltd. From 2015 to 2016, Mr. Wu was a general manager of Hunan Zhihao Information Consulting Service Co.

Ltd.* Dr. Cheng, aged 53, holds a doctoral degree of Philosophy in Economics from the University of Brighton, a Master degree in Urban Design from the University of Hong Kong, a Master of Science in Engineering (Mechanical Engineering) and a Master of Business Administration in Finance. He has over 29 years of experiences in various kinds of valuation included but not limited to real estate valuation, business valuation, plant and machinery valuation and forensic valuation. He has been involved in over 100 IPOs and M&A cases over the last ten years.

He is an independent non-executive director of Polyard Petroleum International Group Limited (stock code: 8011), a company listed on GEM of the Stock Exchange of Hong Kong Limited (the "Stock Exchange") since 1 April 2021 and he was an independent non-executive director of North Mining Shares Company Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited from 12 April 2001 to 1 April 2022. He is a Fellow of Chartered Institute of Management Accountants, Certified Management Accountants Australia, Association of International Accountants, Institute of Public Accountants, Institute of Financial Accountants, The Royal Society of Medicine, The Royal Statistical Society, Federation of Hong Kong Industries, The Hong Kong Institute of Directors, The Hong Kong Institute of Environmentalists, The Society of Operations Engineers, and Institution of Plant Engineers. He is also Member of The Hong Kong Institution of Surveyors, The Certified Public Accountants Association, The Society of Chartered Environmentalists, Hong Kong Institute of Engineers, the China Real Estate Appraisers and Agents, American Society of Civil Engineers, The Institute of Engineering and Technology, The American Society For Microbiology, The Institute of Electrical and Electronics Engineers, Institute of Industrial and Systems Engineers, American Society of Mechanical Engineers, Hong Kong Institute of Arbitrators and the Society of Petroleum Engineers.

The Board further announces that Mr. Duan Fanfan ("Mr. Duan") has tendered his resignation as an executive Director with effect from 30 October 2023 due to his other business commitments. The Board also announces that Dr. Cheng, an independent non-executive Director, has been appointed as a member of each of audit committee, human resources and remuneration committee and nomination committee of the Board with effect from 30 October 2023.