The board of directors of Silver Base Group Holdings Limited announced that Mr. Hung Sui Kwan has resigned as an independent non-executive Director of the Company, the chairman of the audit committee, the chairman of the compliance committee, the chairman of the remuneration committee and the chairman of the nomination committee with effect from 31 March 2022 in order to dedicate more time to his other career commitments. The Board announced that Mr. Hong Sze Lung has been appointed as an independent non-executive Director of the Company, the member of the audit committee, the chairman of the compliance committee, the chairman of the remuneration committee, the chairman of the nomination committee and the member of the risk and internal control committee with effect from 31 March 2022. Mr. Hong was an independent non-executive director of Ping An Securities Group (Holdings) Limited for the period from May 2014 to November 2015 and has served as an independent non-executive director of Kelfred Holdings Limited since September 2020 and as an independent non-executive director of Huiyin Holdings Group Limited since March 2022.

Following the resignation of Mr. Hung, Mr. Chow Chi Fai, an independent non-executive Director of the Company, has been appointed as the chairman of the audit committee with effect from 31 March 2022.