The board of directors of Litu Holdings Limited hereby announced the following changes in board composition of the Company: Mr. Jiang Xiang Yu has tendered his resignation as executive Director with effect from 29 January 2024 due to retirement as a result of his personal health. Mr. Jiang has confirmed to the Board that he has no disagreement with the Board and there is no other matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Jiang for his valuable contributions to the Board during his tenure of services.

The Board announced that Mr. Deng Wei Chao has been appointed as an executive Director with effect from 29 January 2024. Particulars of Mr. Deng are set out below: Mr. Deng, aged 52, has been the Southern China regional deputy general manager of the Group since August 2023. He first joined the Group in September 1993 after graduating from Wuhan University in China with an associate degree in printing, graphics and text information processing.

He has served the Group in the roles of general manager of logistic department, operation development department and audit department, and in the roles of resource management and cost control director of the Group. Mr. Deng has over 31 years of experience in the cigarette packaging industry. He is currently also the executive director and/or general manager of various subsidiaries of the Company.