The board of directors of Microware Group Limited announced that due to job reallocation and pursuant to code provision C.2.1 of the Corporate Governance Code as set out in Part 2 of Appendix 14 to the Rules Governing the Listing of Securities (the Listing Rules) on The Stock Exchange of Hong Kong Limited (the Stock Exchange), which states that the roles of chairman and chief executive officer should be separate and should not be performed by the same individual, with effect from 11 September 2023, Mr. Chu Ming Ho (Mr. Chu) will retire as chairman of the Board (the Chairman) and chairman of the nomination committee of the Company (the "NC Chairman"). He will continue to be the executive Director and chief executive officer of the Company after his retirement as the Chairman and NC Chairman. Mr. Wang Guangbo (Mr. Wang), executive Director and vice chairman of the Company, has been appointed as the Chairman and NC Chairman with effect from 11 September 2023.

There is no additional remuneration for acting as Chairman and NC Chairman. The position of vice chairman will cease to exist with effect from 11 September 2023. Mr. Wang, aged 44, was appointed as an executive Director and the vice chairman of the Board on 6 July 2023.

Mr. Wang currently serves as the chairman of the board of directors of Shanghai Weiye Investment Group Co. Ltd. and the vice chairman of the Shanghai Heilongjiang Chamber of Commerce. Mr. Wang has been in the field of information technology (IT) marketing since 2002 and has over 20 years of experience in the IT industry.

Mr. Wang obtained a master's degree in business administration in 2008, and he has been pursuing an executive master's degree in business administration from the Business School of the National University of Singapore since 2020.