The board of directors of Health and Happiness (H&H) International Holdings Limited announced that Mr. Wang Can (æMr. WangÆ) has resigned as an independent non-executive Director of the Company (æIndependent Non-executive DirectorÆ) and the chairman of the audit committee of the Company (the æAudit CommitteeÆ), due to his other professional commitments with effect from 31 December 2022. The Board also announced that Mr. Ding Yuan (æMr. DingÆ) has been appointed as an Independent Non-executive Director and a member and the chairman of the Audit Committee with effect from 1 January 2023. The Audit Committee comprises two Independent Non- executive Directors, namely Mr. Ding and Mr. Tan Wee Seng and a non-executive Director, Mr. Luo Yun, with effect from 1 January 2023.

The biographical details of Mr. Ding are as follows: Mr. Ding Yuan, aged 53, graduated with a doctor of philosophy degree in management science from the College of Business Administration, Bordeaux IV University in France in May 2000. He also obtained a master's degree in Enterprises Administration from the University of Poitiers, France in June 1995. Mr. Ding served as a tenured professor in accounting and management control at the HEC School of Management in Paris, France from September 1999 to September 2006.

He joined China Europe International Business School since September 2006, and currently serves as the Cathay Capital Chair Professor in Accounting, vice president and dean of China Europe International Business School. Mr. Ding has been an independent non-executive director, the chairman of the audit committee, a member of the nomination committee and a member of the strategy committee of JS Global Lifestyle Company Limited, a company listed on the Main Board of the Stock Exchange since August 2022. He has been an independent non-executive director, the chairman of the remuneration committee, and a member of each of the nomination committee and the audit committee of Man Wah Holdings Limited, a company listed on the Main Board of the Stock Exchange since December 2016.

He has been an independent non-executive director, the chairman of the audit committee, and the chairman of the risk and compliance committee of Bluestar Adisseo Company, a company listed on the Shanghai Stock Exchange since August 2018 and a non-executive director of Saurer Intelligent Technology Co. Ltd, a company listed on the Shanghai Stock Exchange (stock code: 600545), since May 2018 and was a member of the audit committee of which from May 2018 to September 2021. Since January 2021, Mr. Ding has also served as an independent non-executive director of Shanghai Large & Kunchi Group Inc., a private consumer goods company.

Mr. Ding was an independent non-executive director and the chairman of audit committee of Red Star Macalline Group Corporation Ltd. from March 2012 to November 2018 and was an independent non-executive director, the chairman of the audit committee, and a member of each of the remuneration committee and the nomination committee of Landsea Green Properties Co. Ltd. from July 2013 to May 2019, respectively, both of which are listed on the Main Board of the Stock Exchange. He was an independent non-executive director of Jaccar Holdings, a private investment company, from July 2011 to August 2021.

Mr. Ding was an independent director and the chairman of the audit committee of Anhui Gujing Distillery Co. Ltd., a company listed on the Shenzhen Stock Exchange, from June 2008 to June 2011 and at TCL Corporation, a company listed on the Shenzhen Stock Exchange, from June 2008 to June 2014. From July 2011 to June 2015, he was an independent non-executive director and the chairman of the audit committee of Maglndustries Corp., a company listed on the Toronto Stock Exchange.

Mr. Ding has more than twenty years of experience in teaching and researching financial accounting, financial statement analysis, corporate governance and mergers and acquisitions.