The board of directors of Silver Base Group Holdings Limited announced that Ms. Chen Xiaoxu ("Ms. Chen") has resigned as an executive director with effect from 17 September 2021 due to her personal health reasons. Meanwhile, the Board announced that, Mr. Liang Kunwei (Mr. Liang) has been appointed as an executive director of the company with effect from 17 September 2021. Mr. Liang Kunwei was appointed as an executive director on 17 September 2021. Mr. Liang joined the Group in September 2016 and had served as vice director of Silver Base Trading and Development (Shenzhen) Co., Limited, a wholly-owned subsidiary of the Company, and mainly responsible for high-end baijiu supply chain management, Eastern European baijiu marketing development, high-end business event organisation and other related work of the Group. Mr. Liang is a nephew of Mr. Liang Guoxing, an executive director, the chairman and the chief executive officer of the Company. Following the resignation of Ms. Chen, she has ceased to be an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules. Mr. Liang, the newly appointed executive Director, has been appointed as an authorised representative of the Company with effect from 17 September 2021.