The board of directors of Jiu Rong Holdings Limited announces that (1) Mr. Yuan Qian Fei ("Mr. Yuan") has resigned as independent non-executive director, chairman of the audit committee ("Audit Committee"), member of the nomination committee ("Nomination Committee") and the remuneration committee ("Remuneration Committee") of the Company with
effect from 28 June 2023 due to devotion to his personal business development; and (2) Mr. Wang ("Mr. Wang") has resigned as independent non-executive director, chairman of the Remuneration Committee, member of the Audit Committee and the Nomination committee with effect from 28 June 2023 due to devotion to his personal business development.
Mr. Yuan and Mr. Wang have confirmed that they have no disagreement with the Board and there is no other matter in relation to their resignations that need to be brought to the attention of the shareholders of the Company. The Board takes this opportunity to express its gratitude to Mr. Yuan and Mr. Wang for their valuable contributions during their term of service with the Company. Following the resignation of Mr. Yuan and Mr. Wang, the Company has only one independent non- executive director, one member in Audit Committee which does not meet the requirement under Rule 3.10(1), Rule 3.10A and Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Company will identify suitable candidates for the position of independent non-executive directors of the Company, chairman and member of the Audit Committee, chairman and member of the Remuneration Committee and members of the Nomination Committee within three months from the effective date of resignation of Mr. Yuan and Mr. Wang to comply with the requirements of Rule 3.10(1), Rule 3.10A and Rule 3.21 of the Listing Rules. Further announcement will be made by the Company as and when appropriate.