Skyworth Group Limited announced that Mr. Lai Weide has tendered his resignation as an executive Director and the Chairman of the Board of the Company with effect from 7 July 2022 as he has attained the age of retirement. Mr. Lai's director service agreement would also come to an end on 7 July 2022. Following the resignation, he will also cease to be the chairman of the Executive Committee of the Company, the chairman and director of Skyworth Digital Co.

Ltd. and a director of certain subsidiaries of the Company with effect from 7 July 2022. Mr. Lai has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and holders of securities of the Company. The Company has achieved stable development and growth in its business under the leadership of Mr. Lai.

Following to the resignation of Mr. Lai as the Chairman of the Board and the chairman of the Executive Committee, Mr. Lin Jin, who is currently an executive Director of the Company, was appointed as the Chairman of the Board and the chairman of the Executive Committee with effect from 7 July 2022. Set out below are the biographical details of Mr. Lin: - Mr. Lin Jin, aged 38, is an executive Director of the Company. Mr. Lin graduated from the University of Toronto with a bachelor degree in applied science.

He is currently a director in a number of subsidiaries of the Company, including Shenzhen Coocaa Network Technology Company Limited and Skyworth Digital. He is also currently a director (non-executive) of Skywell New Energy Automobile Co. Ltd. and Skysource (China) Investment Co.

Ltd. and a number of their respective subsidiaries. Prior to joining the Group in 2011, Mr. Lin worked in MediaTek Inc. as a sales manager from November 2009 to October 2011 and Realtek Semiconductor Corp. as a system development engineer from September 2007 to September 2009.

He has more than 10 years of work experience in companies primarily engaged in the business of designing and manufacturing electronics and electronic components. Mr. Lin was awarded the Young Industrialist Awards of Hong Kong by the Federation of Hong Kong Industries in 2021. Mr. Lin is the son of Mr. Wong Wang Sang, Stephen, the controlling shareholder of the Company, and Ms. Lin Wei Ping, an executive Director.