The board of directors of Sing Lee Software (Group) Limited announced that: (i) Mr. Hung Yung Lai has resigned as an executive Director and the chairman of the Board with effect from 1 November 2022; (ii) Mr. Hung will cease to be the chairman of nomination committee of the Board and a member of remuneration committee of the Board with effect from 1 November 2022; (iii) Mr. Lin Xue Xin (an executive Director and chief executive officer of the Company (the "Chief Executive Officer") immediately prior to the re-designation) has been appointed as the chairman of the Board in place of Mr. Hung with effect from 1 November 2022. Mr. Lin will cease to act as the Chief Executive Officer with effect from 1 November 2022; (iv) Mr. Lin has been appointed as the chairman of nomination committee of the Board and a member of remuneration committee of the Board in place of Mr. Hung. RESIGNATION OF CHAIRMAN AND EXECUTIVE DIRECTOR: The Board wishes to announce that Mr. Hung has resigned as an executive Director and the chairman of the Board with effect from 1 November 2022 in order to devote more time to his other business commitment.

REDESIGNATION OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER: Following the resignation of Mr. Hung, Mr. Lin has been appointed as the chairman of the Board with effect from 1 November 2022. Mr. Lin will cease to act as the Chief Executive Officer with effect from 1 November 2022 Mr. Lin Xue Xin, aged 46, was an executive Director and Chief Executive Officer immediately prior to the re-designation. Mr. Lin has 20 years of experience in the field of computer technology.

He obtained his bachelor degree of Computer Science and Technology from People's Liberation Army Polytechnic University in 2009. Mr. Lin joined the Company since 2000 and was appointed as the general manager of Hangzhou Singlee Technology Co., Ltd, a subsidiary of the Company, in May 2011. Between 2010 and 2012, Mr. Lin was also employed as a technology expert in UnionPay.

In June 2022, Mr. Lin was admitted to Zhejiang University as an MBA student of the School of Management. CHANGE IN COMPOSITION OF BOARD COMMITTEES: Following the resignation of Mr. Hung, he will cease to be the chairman of nomination committee of the Board and a member of remuneration committee of the Board. Subsequent to the appointment of Mr. Lin as the chairman of the Board, Mr. Lin has been appointed as the chairman of nomination committee of the Board and a member of remuneration committee of the Board.