The board of directors of Goodbaby International Holdings Limited announces that Mr. Xia Xinyue has tendered his resignation as an executive Director with effect from 29 February 2024 in order to devote more time to his other personal matters. With effect from the same date, Mr. Xia will also cease to hold any other position with the Company and other members of the Group. Mr. Xia has confirmed that there is no disagreement between him and the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.