The Board announces that Mr. Yin Jianwen tendered his resignation as Executive Director and Authorized Representative of the Company with effect from 10 September 2022 due to devotion to his personal business development. Mr. Zhao Jianhua will be appointed as Executive Director and Authorized Representative of the Company with effect from 10 September 2022. Mr. Zhao, aged 57, graduated from the Zhejiang Open University (formerly known as Zhejiang Radio and TV University) with a diploma in law.

Mr. Zhao has substantial experience in electronics industry and has a deep understanding of sales, marketing, network, conferences and exhibitions and the development of consumer electronics. He is the general manager of Soyea Jiu Rong Technology Co. Ltd. Save as disclosed above, Mr. Zhao does not hold any position with the Company and its subsidiaries and does not hold any other major appointments or possess other major professional qualifications and has not held any position or directorships in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years preceding the date of this announcement.