The board of directors of the Labixiaoxin Snacks Group Limited announced that Ms. Sun Kam Ching has tendered her resignation as an independent non-executive Director, chairman of Remuneration Committee and a member of Audit Committee of the Company with effect from 2 September 2022 to concentrate on other business commitments. The Board announced that Ms. Guo Li has been appointed as an independent non-executive Director, with effect from 2 September 2022. Biographical details of Ms. Guo are as follows: Ms. GUO Li, aged 33, was appointed as an independent non-executive Director on 2 September 2022.

Ms. Guo has around 10 years of experience in the operation and management of large-scale hotel chains. Ms. Guo is currently an operations director of a health care company in the PRC, responsible for management and operation of the hotels and restaurants. Ms. Guo obtained her bachelor's degree in business administration from Henan University Minsheng College.

Following the appointment of Ms. Guo, the Board consists of seven members, including three executive Directors, one non-executive Director and three independent non-executive Directors which represent at least one-third of the Board as required under Rules 3.10(1) and 3.10A of the Listing Rules.