The board of Directors of Neo-Neon Holdings Limited announced that Mr. Liu Tian Min has tendered his resignation as an independent non-executive Director with effect from 16 January 2024 due to his other personal endeavors. The Board announced that, with effect from 16 January 2024, Ms. Yang Juan ("Ms. Yang") has been appointed as an independent non-executive Director. The biographical details of Ms. Yang are set out below: Ms. Yang Juan (), aged 57, has been a senior partner and a managing partner of Grandall Law Firm (Beijing) since September 2007 and an executive partner of Grandall Law Firm since June 2022.

Since January 2024, she has been a member of Strategic Advisory Committee of Shandong Tianyue Advanced Technology Co. Ltd. Ms. Yang was engaged as an external expert for China Re-Asset Management Company Ltd. in September 2018 and for China First Heavy Machinery Co. Ltd., in June 2021.

She obtained a bachelor degree from Dalian School of Engineering, currently known as Dalian University of Technology in July 1987 and obtained a degree of Master of Laws majoring in International and European Law from The University of Liverpool in December 1999. Ms. Yang obtained lawyers' qualification in People's Republic of China in October 1993 and was accredited the Lawyers' License in People's Republic of China in September 1995. She was honored as one of the National Thousand Foreign Affairs Lawyers in March 2019 and as one of the National Law Society Foreign Affairs Leading Lawyers in July 2019.

CHANGE OF COMPOSITION OF BOARD COMMITTEES The Board announces that following the resignation of Mr. Liu Tian Min as an independent non-executive Director, he has ceased to be as the chairman of the Remuneration Committee, a member of the Audit Committee, a member of the Nomination Committee and a member of the Risk Management and Regulatory Compliance Committee of the Company. With effect from 16 January 2024, Ms. Yang has been appointed the chairman of the Remuneration Committee, a member of the Audit Committee, a member of the Nomination Committee and a member of the Risk Management and Regulatory Compliance Committee of the Company.