The board of directors of Global Sweeteners Holdings Limited announced that with effect from 18 January 2024, Mr. Tai Shubin ("Mr. Tai") has been re-designated from an executive Director to a non- executive Director. The biographical particulars of Mr. Tai is set out as follows: Mr. Tai, aged 43, graduated from (Jilin Business and Technology College) (formerly known as (Jilin Grain College)) in July 2004 majoring in financial management. In December 2014, he obtained a Bachelor's degree in social work and management from Jilin University.

Mr. Tai qualified as a senior management accountant () in the People's Republic of China (the "PRC") in October 2020 and an International Certified Public Accountant of (Enterprise Financial Management Association of China) in September 2021. Mr. Tai has over 18 years of experience in accounting and financial management and served in various capacities in different state-owned enterprises in Jilin Province's agricultural sector, including (Jilin Jiliang Ping'an Rice Industry Co. Ltd.), (Jilin Grain Asset Management Co.

Ltd.) and (Jilin Agricultural Investment Group Co. Ltd.) ("Nongtou"), a substantial shareholder of the Company. Mr. Tai has been a director of Nongtou from August 2016 to February 2022.

Mr. Tai was also the financial controller for mainland China region of Global Bio-chem Technology Group Company Limited and a substantial shareholder of the Company, between July 2018 and October 2022 and has been promoted to the deputy general manager for mainland China region of GBT in October 2022. The Board announced that with effect from 18 January 2024, Mr. Fan Yeran and Mr. Fong Wai Ho have resigned as independent non-executive Directors. Each of Mr. Fan and Mr. Fong advised the Board that his resignation was due to his intention to focus on his respective personal commitments.

The Board announced that Ms. Liu Ying ("Ms. Liu") and Ms. Li Guichen have been appointed as independent non-executive Directors with effect from 18 January 2024. Ms. Liu Ying: Ms. Liu, aged 46, graduated from the Peking University Law School with a master's degree in law in July 2008. Ms. Liu is currently a practising lawyer in the PRC.

Ms. Liu joined (Jilin Guandong Law Firm) as a lawyer in February 2010, and subsequently served as a senior partner at (Beijing Dongyi (Changchun) Law Firm) from February 2012 to March 2016. Since March 2016, Ms. Liu has been serving as the senior partner of (Beijing Dacheng Law Offices, LLP (Changchun)). Ms. Li Guichen: Ms. Li, aged 47, obtained a bachelor's degree from the Department of Computer Science of Jilin University in July 2003.

Ms. Li is currently a member of the Chinese Institute of Certified Public Accountants. Ms. Li joined Changchun Municipal Construction (Group) Co. Ltd. as an accountant in November 1995, and subsequently worked as the head of audit department at (Jilin Branch of Beijing Horizon Certified Public Accountants Co., Ltd) from September 2005 to September 2009.

Following that, Ms. Li consecutively served as the financial controller of two private companies in the PRC from September 2009 to September 2019. Since September 2019, Ms. Li has been serving at (Jilin Jiatai Accounting Firm) as deputy general manager. The Board further announced that following the change of independent non-executive Directors as announced above, the composition of each of the audit committee of the Company, the remuneration committee of the Company, the nomination committee of the Company, the corporate governance committee of the Company and the continuing connected transactions supervisory committee of the Company has been changed as follows with effect from 18 January 2024: Mr. Fan has ceased to be, and Ms. Liu has been appointed as, the chairman of the Remuneration Committee, a member of each of the Audit Committee, the Nomination Committee, the Corporate Governance Committee and the CCT Supervisory Committee; and Mr. Fong has ceased to be, and Ms. Li has been appointed as, the chairman of each of the Audit Committee, the Corporate Governance Committee and the CCT Supervisory Committee.