Standard Development Group Limited announces that Ms. Yim Sau Ping ("Ms. Yim") has tendered her resignation as the company secretary of the Company (the "Company Secretary") with effect from 30 September 2022 as Ms. Yim would like to devote more time for her career development. Given Ms. Yim's resignation, she ceased to act as the authorised representative of the Company for accepting service for process or notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Authorised Representative") with effect from 30 September 2022. Ms. Yim has confirmed that she has no disagreement with the Board and there is no matter in relation to her resignation which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Following the resignation of Ms. Yim, the Board announce that Mr. Chu Pui Ki Dickson ("Mr. Chu") has been appointed as the Company Secretary and the Authorised Representative in replacement of Ms. Yim with effect from 30 September 2022. Mr. Chu is a member of the Hong Kong Institute of Certified Public Accountants since February 2011. He has over 10 years of relevant experience in accounting and auditing and has experience in tax, internal control matters and is holding position of company secretary in other listed companies listed on the Stock Exchange.

Mr. Chu is currently serving as the company secretary of Tungtex (Holdings) Company Limited (a company listed on the Main Board of the Stock Exchange with stock code 0518), SG Group Holdings Limited (a company listed on the Main Board of the Stock Exchange with stock code 01657), Golden Ponder Holdings Limited (a company listed on the Main Board of the Stock Exchange with stock code 1783), Cornerstone Technologies Holdings (a company listed on the GEM of the Stock Exchange with stock code 08391), K Group Holdings Limited (a company listed on the GEM of the Stock Exchange with stock code 08475) and Top Standard Corporation (a company listed on the GEM of the Stock Exchange with stock code 08510). The Board would like to express its gratitude to Ms. Yim for her contributions to the Company during her tenure of office and to welcome Mr. Chu on his new appointment.