The board of directors of Sinolink Worldwide Holdings Limited announced that the following changes of the company: In accordance with bye-law 87 of the bye-laws of the Company, each of Mr. XIANG Ya Bo (Mr. Xiang), Mr. CHEN Wei ("Mr. Chen"), Mr. OU Yaping and Mr. TIAN Jin shall retire from the Board by rotation at the forthcoming annual general meeting of the Company to be held on 30 May 2024 (AGM). Mr. TIAN Jin, being eligible, will offer himself for re-election at the AGM. Each of Mr. Xiang, Mr. Chen and Mr. OU Yaping has informed the Board that he will not offer himself for re-election at the forthcoming AGM in order to devote more time to his personal work arrangements.

Accordingly, with effect from the conclusion of the forthcoming AGM, (i) Mr. Xiang will retire as an executive Director and also cease to be the chairman of the Board of the Company (the Chairman), a member of each of the remuneration committee (the "Remuneration Committee") and nomination committee (the "Nomination Committee") (together the "Board Committees") of the Company, an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an agent for the service of process in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). Mr. Xiang will remain as the chairman and authorised representative of Sinolink Properties Limited, a subsidiary of the Company in the PRC; (ii) Mr. Chen will retire as an executive Director; and (iii) Mr. OU Yaping will retire as a non-executive Director. Upon the respective retirement of Mr. OU Yaping and Mr. Chen as a non-executive Director and an executive Director, each of Mr. OU Yaping and Mr. Chen will act as a consultant of the Company.

Having regard to the retirement of Mr. Xiang at the conclusion of the forthcoming AGM, Mr. TANG Yui Man, Francis ("Mr. Tang"), a non-executive Director, has been re-designated as an executive Director and has been appointed as the Chairman, the Chief Executive Officer, a member of each of the Remuneration Committee and Nomination Committee of the Company, an Authorised Representative and the Process Agent with effect following the retirement of Mr. Xiang at the conclusion of the forthcoming AGM. Mr. Tang Yui Man Francis, aged 61, is a non-executive Director. He was initially appointed as an executive Director in September 2001 and the Chief Executive Officer in 2002, and subsequently ceased to act as Chief Executive Officer and was appointed as the Chairman and a member of the Remuneration Committee of the Company in August 2013.

Mr. Tang was also further appointed as a member of Nomination Committee of the Company since 27 March 2012. Mr. Tang was subsequently re-designated as a non-executive Director and ceased to act as the Chairman, a member of each of the Remuneration Committee and Nomination Committee of the Company on 28 June 2017. He is currently a director of Sinolink Properties Limited, a subsidiary of the Company.

Mr. Tang holds a Bachelor's degree in Computer Studies from the University of Victoria in Canada and a Master of Business Administration degree from The City University of New York in the United States. Mr. Tang has numerous years of experience in management, accounting and finance. Mr. Tang has been responsible for corporate planning, strategic development and financial planning and management of the Group since 2001.

Mr. Tang has not held any directorship in other listed public companies in the past three years.