The board of directors of Sanbase Corporation Limited announced that Dr. Sung Tak Wing, Leo (Dr. Sung) has tendered his resignation as the company secretary of the Company (the Company Secretary) and ceased to act as an authorised representative (the "Authorised Representative") of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") and an authorised representative of the Company to accept service of process and notice in Hong Kong on behalf of the Company as required under Rule 24.05(2) of the GEM Listing Rules and under the Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent"), respectively, with effect from 31 December 2023. Following the resignation of Dr. Sung, the Board announced that Ms. Hui Man Yee, Maggie ("Ms. Hui"), an executive Director, has been appointed as an Authorised Representative and the Process Agent with effect from 31 December 2023. The Board further announces that Ms. Cheng Faye ("Ms. Cheng") has been appointed as the Company Secretary with effect from 31 December 2023.

Ms. Cheng is currently the company secretarial manager of the Company since May 2023. Ms. Cheng is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom, and she possesses the requisite qualification and experience as required under Rule 5.14 of the GEM Listing Rules.