The board of directors of Great World Company Holdings Ltd. announced that on 9 October 2023 Ms. Ng Mui King Joky resigned as a non-executive Director and the chairman of the Board of the Company with immediate effect. The resignation of Ms. Ng was due to her other personal commitments. Ms. Ng confirmed that as at the date of this announcement, she does not have any claim of any kind of compensation against the Company in respect of her resignation; she does not have any disagreement with the Board and there are no other matters in relation to her resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

The Board announced that, with effect from 9 October 2023, Mr. Zhao Xinyan, who is currently an executive Director, was appointed to succeed Ms. Ng as the chairman of the Board of the Company.