Medicskin Holdings Limited (the Company) announced that due to his other business commitments, Mr. Lee Ka Lun (Mr. Lee) has tendered his resignation as an independent non-executive Director and a member of the audit committee, remuneration committee and nomination committee of the Company with effect from 15 November 2022. Mr. Lee has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention to the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Lee for his valuable support and contributions to the Company during his tenure of service.

Non-Compliance with the Listing Rules in relation to Board Composition Following the resignation of Mr. Lee, the total number of independent non-executive Directors is less than three, and hence the Company fails to meet the requirement of Rule 5.05 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the GEM Listing Rules), and the Company has only two members in the audit committee of the Company which deviates from the requirement under the Rule 5.28 of the GEM Listing Rules. The Board will ensure that the Company will appoint a sufficient number of independent non-executive Directors to meet the minimum number as required under Rules 5.05 and 5.28 of the GEM Listing Rules within three months from 15 November 2022 and will make further announcement(s) where appropriate.