The board of directors of International Genius Company announced that with effect from 25 July 2023, Dr. Ng Yu has tendered his resignation as the Chairman of the Board and an executive director of the Company due to his other business commitments. Upon the Resignation of Dr. Ng, he would also cease to act as an authorised representative of the Company required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Chairman of executive committee and a member of the remuneration committee of the Company. In recognition of Dr. Ng's invaluable contributions and devotion to the Company and the Group during his tenure of office, the Board announced that Dr. Ng has been appointed as the honorary chairman of the Company with effect from 25 July 2023.

Having considered Dr. Ng's extensive personal relationship and network in the global financial industry, the Board believes the appointment of Dr. Ng as Honorary Chairman is in the Company's best interest. The Group can continue to leverage Dr. Ng's reputation and industry standing to further the Group's business development and business networking in the global financial markets. Dr. Ng will not receive any remuneration during his tenure of office as an Honorary Chairman.

The duties of Dr. Ng with the Company and the Group would be on honorary basis and would not have any executive functions. Dr. Ng will not participate in the meetings of the Board. Ms. Leong Kai Weng Subrina has resigned as the Authorised Representative with effect from 25 July 2023 and remains as the Joint Company Secretary.

Following the Resignation of Dr. Ng and the resignation of Ms. Leong as the Authorised Representative, Dr. Lin Feng, the executive director of the Company, and Mr. Cheung, the Chief Executive Officer and the Joint Company Secretary, have been appointed as the Authorised Representatives with effect from 25 July 2023. The Board also announced that, with effect from 25 July 2023, Mr. Dai Chengyan, a non-executive director of the Company, has been appointed as a member of the remuneration committee of the Company.