The board (the "Board") of directors (the "Directors") of JW (Cayman) Therapeutics Co. Ltd. announces that, with effect from January 1, 2023, Mr. Chi Shing Li ("Mr. Li") has resigned as an independent non-executive Director and the chairman of the Remuneration Committee of the Board (the "Remuneration Committee") and Nomination Committee of the Board (the "Nomination Committee") due to personal reason.