Red Star Macalline Group Corporation Ltd. announced that, on 9 March 2022, the Company received a written resignation from Mr. Jing Jie, a non-executive Director. Due to personal work adjustment, Mr. Jing thereby proposed to the fourth session of the Board to resign as a non-executive Director. Mr. Jing has confirmed that (i) he has no disagreement with the Board; and there are no other matters in relation to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.

The Board further announces that, as recommended by Taobao China Holding Limited, a Shareholder, and reviewed and nominated by the nomination committee, the relevant resolution has been approved at the meeting of the Board held on 10 March 2022 to propose the appointment of Mr. Yang Guang as a non-executive Director of the fourth session of the Board in accordance with the Company Law of the People's Republic of China, the Articles of Association of the Company and other relevant regulations. The appointment of Mr. Yang as a non-executive Director of the Company shall be subject to approval by the Shareholders at the extraordinary general meeting to be convened and held in due course.