The board of directors of National Arts Group Holdings Limited hereby announced that Mr. Cheng has tendered his resignation as an executive Director, an authorized representative ("Authorized Representative") of the company, a process agent to accept on the company's behalf service of process and notices in Hong Kong under Part 16 of the Companies Ordinance of the company and the financial controller of the Group with effect from 29 December 2022. The Board also announced that Mr. Ho has tendered his resignation as an executive Director and the financial controller of the Group with effect from 29 December 2022.