Simplicity Holding Limited announced that Mr. Yeung Man Sun has resigned as an independent non-executive Director and member of each of remuneration committee, audit committee and nomination committee of the Company with effect from 24 October 2023. The resignation of Mr. Yeung was because he would like to devote more time to pursue his own business. In accordance with Rule 17.50(2) of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited, Mr. Yeung confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention to the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr. Yeung for his valuable contribution to the Company during his tenure of services. The Board announced the appointment of Mr. Wang Rongqian ("Mr. Wang") as an independent non-executive Director with effect from 24 October 2023. The biography of Mr. Wang is set out as follows: Mr. Wang, aged 42, is an independent non-executive director in Cheong Lee Group HoldingsLimited (stock code: 8098) which the issued shares are listed on the GEM of the Stock Exchange of Hong Kong Limited .

Mr. Wang holds a Master degree in corporate and financial laws from the University of Hong Kong. Mr. Wang has extensive experience in the areas of project management, corporate finance, commercial trade andcompliance. He was an independent non-executive director of Manison International Holdings Limited (stock code: 8456) from January 2021 to April 2022.