The board of directors of Huaxi Holdings Company Limited announced that Mr. Yu Wing Cheung, after having served the Company for approximately 10 years, retires as the company secretary of the Company and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as well as for accepting service of process and notice in Hong Kong on its behalf under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the ``Authorised Representative'') with effect from 10 October 2023. The Board announced that, following the retirement of Mr. Yu, Mr. Lai Chi Fung (``Mr. Lai'') is appointed as the the Company Secretary and the Authorised Representative with effect from 10 October 2023. Mr. Lai is a fellow member of the Hong Kong Institute of Certified Public Accountants and holds a Bachelor of Business Administration (Honours) degree in Accounting.

Mr. Lai has over 18 years of experience in auditing, accounting, financial management, corporate finance, mergers and acquisitions and company secretarial practice. Prior to joining the Company, Mr. Lai worked for certain professional accounting firms, and served as the finance manager, financial controller and company secretary in several companies listed on the Main Board of the Stock Exchange.