Goodbaby International Holdings Limited announced Mr. Iain Ferguson Bruce ("Mr. Bruce") has retired as an independent non-executive Director with effect from the conclusion of the annual general meeting of the Company held on 23 May 2022 in order to devote more time to his personal matters. With immediate effect following Mr. Bruce's retirement, he has also ceased to be the chairman of each of the audit committee of the Company, the remuneration committee of the Company and the nomination committee of the Company. With immediate effect following Mr. Bruce's retirement mentioned above, Ms. Chiang Yun, an existing independent non-executive Director, has been appointed as the chairlady of each of the Audit Committee, Remuneration Committee and Nomination Committee.

Ms. Chiang, was re-designated as an independent non-executive Director with effect from 23 May 2014. Ms. Chiang was a non-executive director of the Company for the period from 15 November 2007 to 22 May 2014 and a director of the Company for the period from 14 July 2000 to 14 November 2007. Ms. Chiang has over 28 years of private equity investment experience and is the founder of Prospere Capital Ltd. She was a founding managing partner of the private equity business of Pacific Alliance Group.

Ms. Chiang is an independent non-executive director of Sands China Ltd., and a member of the audit committee, the nomination committee and the Chairlady of the ESG Committee of Sands. Ms. Chiang is also an independent non-executive director of Pacific Century Premium Developments Limited, the chairlady of PCPD's remuneration committee and a member of PCPD's audit committee and nomination committee. Ms. Chiang was appointed as a non-executive director of Yantai Changyu Pioneer Wine Company Limited, a company listed on the Shenzhen Stock Exchange, on 1 June 2020.

Mr. So Tak Young ("Mr. So"), aged 52, has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee with effect from the conclusion of the AGM held on 23 May 2022. Mr. So has more than 20 years of experience in finance, accounting, investment and private equity businesses with global financial institutions and asset management companies. He started his career as an auditor with Ernst & Young, Hong Kong from February 1993 to December 1994.

Mr. So has served as a managing partner of FastLane Group since July 2012. He has been serving as an independent non-executive Director and Chairman of the Audit Committee of Shanghai Henlius Biotech Inc. since September 2019 and CARsgen Therapeutics Holdings Limited since June 2021. Mr. So has previously served various positions, including vice president of global capital market/Asia treasury and vice president of financial controls of Bank of America, Hong Kong from January 1998 to March 2002, head of finance and operations of consumer and commercial banking in Hong Kong, head of asset and liability management of Greater China and chief financial officer of private client banking in Hong Kong of ABN AMRO Bank N.V., Hong Kong from March 2002 to January 2005, chief financial officer of Hamon Asset Management Limited, an affiliate of Bank of New York Mellon from February 2005 to August 2007, chief financial officer of Asia Pacific of asset management division for Deutsche Bank, Hong Kong from August 2007 to November 2011, and chief financial officer of PAG Capital from November 2011 to April 2012.