The Board of Directors of Pharmesis International Ltd. announced the following: Mr. Qi Jie ("Mr Qi") has resigned as the Executive Director and Chief Operating Officer of the Company with effect from 31 July 2023 as part of restructuring of management in the Group. Following Mr. Qi's resignation, Mr. Wu Xuedan will continue to oversee the overall operations of the Group. Ms Chung Chia-Jung ("Ms Chung") has resigned as the Non-Independent Non-Executive Director of the Company with effect from 31 July 2023.