The Board of directors of Launch Tech Company Limited announced that Mr. Lin Lichao has resigned as an independent non-executive Director and his positions at the Audit Committee, Remuneration Committee and Nomination Committee with effect from 12 December 2023, as he wishes to focus on his other personal job arrangements. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR: In accordance with Article 97 of the Company's articles of association, which states that "Any directors appointed by the Board of Directors to fill a casual vacancy on or as an addition to the Board of Directors shall hold office only until the next annual general meeting of the Company and shall then be eligible for re-election", the Board appointed Ms. He Xujin as independent non-executive Director with effect from 12 December 2023 until the next annual general meeting. She has also been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee, and been appointed as the Chairman of both the Remuneration Committee and the Nomination Committee, with effect from 12 December 2023.

The biographical details of Ms. He Xujin are set out below:- Ms. He Xujin, aged 46, graduated from the International Tade Department of Guangdong University of Finance and Economics in 2000. From 2000 to 2005, she worked in VTech (Dongguan) Electronics Technology Limited as an deputy manager of the project management department; from 2005 to 2009, she worked for Jabil Circuit (Guangzhou) Ltd. (US JBL) as an deputy manager of the business division; from 2009 to 2019, she worked for Viasystems EMS (Shenzhen) Co. Ltd. (US TTMI) as an director of the project management department; from 2009 to 2022, she served as Shenzhen Kinwong Electronic Co.

Ltd. as a director of the marketing department; and has been serving in Lingyange Semiconductor Inc. in Zhuhai as a senior director of marketing department since 2022. Ms. He has over 20 years of work and management experience in sales management, project management, business division management and marketing. She is familiar with various processes in electronic industrial chains, and has profound understanding in circuit board ("PCB") manufacturing and electronic foundry services.