The board of directors of SANVO Fine Chemicals Group Limited announces that Mr. Chen Bingyao (" Mr. Leo Chen ") has resigned as an executive Director, the chairman of the ESG committee of the Company and a member of the nomination committee of the Company with effect from 21 July 2023 due to his personal health reason. Mr. Leo Chen confirmed that
he has no disagreement with the Board and there are no circumstances relating to his resignation which need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. Mr. Leo Chen will remain as the Chief Technical Engineer of the Company and a director of certain subsidiaries of the Company.
Following Mr. Leo Chen's resignation, Mr. Chen Bingqiang, an executive Director, the chairman of the Board and the Chief Executive Officer of the Company, has been appointed as the chairman of the ESG committee of the Company.