The board of directors of Huazhang Technology Holding Limited hereby announced that Mr. Kong Chi Mo (Mr. Kong) has tendered his resignation as an independent non-executive Director with effect from 17 December 2021 due to the need to devote more time for his other commitments. Upon Mr. Kong's resignation from the Board, he will also cease to be the chairman of the audit committee (the Audit Committee) of the company and a member of each of the nomination committee (the Nomination Committee) of the company and the remuneration committee (the Remuneration Committee) of the company. The Board further announces that, following the resignation of Mr. Kong, with effect from 17 December 2021: Mr. Heng, Keith Kai Neng, an independent non-executive Director, will be appointed as the chairman of the Audit Committee; and Ms. Zhang Dong Fang, an independent non-executive Director, will be appointed as a member of each of the Remuneration Committee and the Nomination Committee.