The board of directors of Hao Bai International (Cayman) Limited announces that Ms. Yuen Wai Man ("Ms. Yuen") has resigned as an independent non-executive Director and ceased to be the chairman of the Audit Committee; the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company, with effect from 18 August 2023 as she would like to spend more time to pursue her own business. The Board is please to announce that Mr. Yuen Wai Keung ("Mr. Yuen") has been appointed as an independent non-executive Director, the chairman of the Audit Committee; the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company, with effect from 18 August 2023. Mr. Yuen, aged 43, has approximately 20 years of accounting and finance related work experience and obtained a Master of Corporate Governance degree from The Open University of Hong Kong. He is a fellow member of the Institute of Financial Accountants and a member of The Hong Kong Chartered Governance Institute. Mr. Yuen has been the company secretary of GREATER BAY AREA DYNAMIC GROWTH HOLDING LIMITED since 7 June 2023. He is currently the Manager of Infinity CPA Limited and Technical Director of Great Treasure Consultants Limited which is a licensed Trust or Company Service
provider incorporated in Hong Kong.