The board of directors of Microware Group Limited announced that, with effect from 5 December 2023: Mr. Chu Ming Ho ("Mr. Chu") has resigned as executive Director of the Company due to re-allocation of work and re-designation within the Group; Mr. Yang Peter Shun Tsing ("Mr. Yang") has resigned as executive Director due to his plan for retirement; Mr. Cheng Wing Fai ("Mr. Cheng") has resigned as executive Director due to re-allocation of work and re-designation within the Group; and Mr. Au Man Wah ("Mr. Au") has resigned as executive Director due to re-allocation of work and re-designation within the Group. Mr. Chu, Mr. Cheng and Mr. Au will remain as members of management the Group and will focus on the business of the Company's subsidiaries. The Board announced that Mr. Xu Jianwen () ("Mr. Xu") has been appointed as independent non-executive Director and member of each of the audit committee (the "Audit Committee"), remuneration committee (the "Remuneration Committee") and nomination committee of the Company, both with effect from 5 December 2023.

Mr. Xu, aged 43, has extensive work experience in the financial industry. He has worked in several financial institutions, including China Merchants Securities (HK) Co., Limited, China Securities (International) Finance Holding Company Limited, Southwest Securities (HK) Financial Management Limited and Dongxing Securities (Hong Kong) Financial Holdings Limited, at which he was principally involved in the management in the aspects of legal, compliance and risk control. Currently, Mr. Xu serves as a consultant of China Goldlink Capital Group Limited, at which he previously held the positions of director and chief executive officer.

Since 1 February 2022, Mr. Xu has been an independent non-executive director of Beijing Gas Blue Sky Holdings Limited, a company whose shares are listed on the Stock Exchange. From 11 May 2017 to 1 December 2021, Mr. Xu was a non-executive director of Sansheng Holdings (Group) Co. Ltd., a company whose shares are listed on the Stock Exchange.

Mr. Xu obtained a Bachelor's Degree in Laws in June 2005 from Sun Yat-Sen University and a Master's Degree of Common Law in November 2007 from University of Hong Kong. Mr. Xu was awarded the Legal Professional Qualification Certificate in the People's Republic of China in February 2009. The Board further announces that upon his resignation as executive Director, Mr. Chu will cease to be an authorised representative of the Company under Rule 3.05 of the Listing Rules (the "Authorised Representative"), and Mr. Huang Tianlei will be appointed as the Authorised Representative in place of Mr. Chu with effect from 5 December 2023.