The board of directors of Kimou Environmental Holding Limited announced that with effect from 22 December 2022, Mr. Li Yinquan has resigned as an independent non-executive Director of the Company due to the need to devote more time to other activities. Upon Mr. Li's resignation, he also ceased to be the chairman of the audit committee of the Board. Mr. Li was the chairman of the Audit Committee.

Following the resignation of Mr. Li, the Board comprises four executive Directors and two independent non-executive Directors, and hence the number of the independent non-executive Directors and the members of the Audit Committee has fallen below the minimum number required under Rules 3.10(1) and 3.21 of the Listing Rules.