The board of directors of New Sparkle Roll International Group Limited announced that Mr. Ma Chao has retired as an executive Director and ceased to be a co-chairman of the Board with effect from 16 June 2023 upon expiration of his service contract with the Company. Immediately following Mr. Ma's cessation as a co-chairman of the Board, Mr. Zheng Hao Jiang, currently the other co-chairman of the Board, will become the sole chairman of the Board.