The board (the "Board") of directors (the "Directors") of Renco Holdings Group Limited announced that Mr. Hung Yeung Alvin ("Mr. Hung") has resigned as an executive Director, chairman of the executive committee of the Board (the "Executive Committee") and the member of the independent investigation committee of the Company (the "Independent Investigation Committee") with effect from 26 September 2023. Mr. Hung tendered his resignation as an executive Director, chairman of the Executive Committee and the member of the Independent Investigation Committee due to his intention to concentrate on the pursuit and development of his other business activities. The Board and Mr. Hung have confirmed that there is no disagreement between Mr. Hung and the Board and there are no any matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange.