The Board of directors of Launch Tech Company Limited announced that Mr. Liu Jun has resigned as an executive Director of the Company with effect from 28 January 2022, as he wishes to focus on his other personal business development which requires more of his dedication. Mr. Liu Jun confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignations that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would cease to act as an authorised representative of the Company (the Authorised Representative) under Rule 3.05 of the Listing Rules.

The Board announced that Mr. Liu Xin has taken the place of Mr. Liu Jun to act as the Authorised Representative, together with Mr. Liu Chun Ming, FCCA, with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would also cease to act as an authorised representative of the Company for accepting service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (the Service Agent).

The Board announced that Mr. Liu Xin has been appointed as the Service Agent in place of Mr. Liu Jun and act as the Service Agent together with Mr. Liu Chun Ming, FCCA with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would also cease to act as the compliance officer of the Company, and Mr. Liu Xin has been appointed as the compliance officer of the Company in place of Mr. Liu Jun with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director, Mr. Liu Jun has ceased to act as a member of the Remuneration Committee, and Mr. Liu Xin has been appointed as a member of the Remuneration Committee in place of Mr. Liu Jun.

With effect from 28 January 2022.