The board of directors of Huazhang Technology Holding Limited announced that Mr. Wang Ai Yan (``Mr. Wang'') has tendered his resignation as an executive Director of the Company with effective from December 1, 2022 in order to devote more time to his personal commitments. Following Mr. Wang's resignation, he will also cease to hold any other positions within the Group. Mr. Wang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that is required to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.