=Sau San Tong Holdings Limited announced that Mr. Chan has tendered his resignation as Executive Director and Authorized Representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and cease to act as member of nomination committee (the "Nomination Committee") of the Board with effect from 3 July 2023 due to his intention to devote more time to his personal commitments. The Board also announces that Mr. Lei has been appointed as Executive Director and Authorized Representative of the Company and also being the member of the Nomination Committee with effect from 3 July 2023. Ms. Lei, aged 35, is a Certified Public Accountant of American Institute of Certified Public Accountants and also certified as Certified Management Accountant of the Institute of Management Accountants.

Mr. Lei holds a bachelor degree of Arts in Applied Mathematics and Statistics from University of California, Berkeley. He also has a Master degree of Science in Electronic Commerce and Internet Computing from The University of Hong Kong. Mr. Lei has over 10 years of working experience in accounting, risk management and asset management.

Upon Mr. Chan's resignation, he ceased to be the member of the Nomination Committee of the Board. The Board further announces that with effect from 3 July 2023, Mr. Lei has been appointed as the member of the Nomination Committee of the Board to take the place of Mr. Chan.