Following Completion and upon the above appointment of Directors becoming effective, (a) Mr. Pan has resigned as an executive Director and a member of each of the remuneration committee of the Board and the nomination committee of the Board, (b) Mr. Li Jinrong ("Mr. Li") has resigned as an executive Director; (c) Mr. Kong Tat Yee ("Mr. Kong") has resigned as an independent non-executive Director and a member of each of the audit committee of the Board, the Remuneration Committee and the Nomination Committee, (d) Mr. Yau Pak Yue ("Mr. Yau") has resigned as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Audit Committee and Remuneration Committee and (e) Mr. Zheng Zhen ("Mr. Zheng") has resigned as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee and a member of the Nomination Committee, all with effect from 26 July 2023. Following Completion, Ms. Xu Jing ("Ms. Xu") has resigned as the company secretary of the Company (the "Company Secretary") with effect from 26 July 2023. Ms. Xu has confirmed that she has no disagreement with the Board and there is no matter in relation to her resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange.

The Board announced that following the resignation of Ms. Xu as the Company Secretary, Mr. Tsang King Sun ("Mr. Tsang") has been appointed as the Company Secretary with effect from 26 July 2023. Mr. Tsang has over 10 years of experience in the corporate services field. Mr. Tsang was the company secretary of numerous listed companies in Hong Kong.

He is responsible for supervising the company secretarial teams to provide a full range of listed and private company secretarial services as director in a local enterprise service provider in Hong Kong, I-SOL Limited. Mr. Tsang is a member of the Hong Kong Institute of Certified Public Accountants. He holds a Bachelor of Business Administration (Hons) degree in Accounting from The Hong Kong Polytechnic University.

Upon to the resignation of Mr. Pan as an executive Director and Ms. Xu as the Company Secretary, each of Mr. Pan and Ms. Xu ceased to act as an authorised representative of the Company with effect from 26 July 2023. Each of Dr. Kaneko and Mr. Tsang has been appointed as the Authorised Representative in place of Mr. Pan and Ms. Xu with effect from 26 July 2023. The Board has appointed Ms. Ha as the chairperson of the Audit Committee and each of Mr. Huang and Ms. Tang as the members of the Audit Committee; Mr. Huang as the chairperson of the Remuneration Committee and each of Dr. Kaneko and Ms. Tang as the members of the Remuneration Committee; and Dr. Kaneko as the chairperson of the Nomination Committee and each of Mr. Huang and Ms. Ha as the members of the Nomination Committee.