The board of directors of Magnus Concordia Group Limited announced that Mr. Huang Zhidan has tendered his notice of resignation that he will resign as an executive director of the Company with effect from 15 July 2023 due to change of work arrangements. Mr. Huang has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.