The board of directors of NetDragon Websoft Holdings Limited announced that Mr. Chao Guowei, Charles has resigned as an independent non-executive Director with effect from 30 December, 2022 in order to devote more time on his other personal endeavours. Mr. Chao has also ceased to be the chairman of the audit committee, a member of the remuneration committee and nomination committee of the Company with effect from the same date. The board is pleased to announced that Mr. Sing Chung Matthias Li has been appointed as an independent non-executive Director with effect from 30 December, 2022.

Mr. Li, aged 68, is a seasoned business executive with extensive strategic planning, corporate and financial management experience. Mr. Li currently serves as vice chairman of the Hong Kong Business Accountants Association and the Hong Kong Public Sector Accountants Association, council member and secretary of UNICEF Hong Kong, and Hong Kong Accounting Consultant appointed by the Ministry of Finance of the People's Republic of China. From 2016 to 2020, Mr. Li was chief executive officer of Ocean Park Corporation in Hong Kong where he also previously served as chief financial officer and corporate secretary.

Mr. Li started his career as an auditor at Arthur Andersen & Co and was a director overseeing Asia Pacific institutional banking at Bank of Montreal before joining Ocean Park in 1994. Mr. Li graduates from the University of Toronto with Bachelor of Commerce and Master of Business Administration degrees, and is currently a fellow of the Hong Kong Institute of Certified Public Accountants and a fellow of the Chartered Professional Accountants, Canada.