The board of directors of Gogox Holdings Limited announced that Mr. Kwan Ming Sang Savio (Mr. Kwan) has resigned as an independent non-executive director with effect from November 26, 2022 due to his other business commitments. Upon his resignation, Mr. Kwan has also ceased to be a member of the nomination committee of the company. The board announced that with effect from November 26, 2022, Ms. Mi Wenjuan (Ms. Mi) has been appointed as an independent non-executive director and a member of the nomination committee.

The biography of Ms. Mi is set out below: Ms. Mi, aged 39, has extensive experience in corporate governance and business administration. Ms. Mi is the founder of VIPKID and has served as its chief executive officer since October 2013. Ms. Mi was also the co-founder of ABC English Group (ABC).

Ms. Mi obtained a bachelor's degree in Arts from Tianjin Foreign Studies University, majoring in English, in June 2010 and a master's degree in business administration from Cheung Kong Graduate School of Business in September 2012. Ms. Mi has entered into a letter of appointment with the company for an initial term of three years commencing from November 26, 2022 unless terminated by not less than three months' prior notice in writing served by either party to the other. Ms. Mi is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the Stock Exchange and the articles of association of the company.

The annual remuneration of Ms. Mi shall be HKD 300,000, which was agreed between the company and Ms. Mi and reviewed and approved by the remuneration committee of the company and the Board with reference to Ms. Mi's roles and responsibilities with the Company and prevailing market conditions. Ms. Mi shall hold office until the first general meeting of the company after her appointment, at which she shall be eligible for re-election.