The board of directors of Suzhou Basecare Medical Corporation Limited announced that Ms. WANG Yan (Ms. Wang) has resigned as joint company secretary of the Company with effect from November 28, 2022 to pursue her career development. The Board further announced that Mr. Yin has also been appointed as a joint company secretary of the Company with effect from the Appointment Date subject to the Waiver (defined as below). Mr. Yin does not possess the specified qualifications that are usually considered to be acceptable under Note 1 to Rule 3.28 of the Listing Rules, the Company considers that Mr. Yin, by virtue of his professional knowledge and experience in handling its corporate governance matters and with the support to be rendered by Mr. Chung Ming Fai, the current joint company secretary of the Company, who possesses all the requisite qualifications required by the Listing Rules, would be capable of discharging his duties as a joint company secretary.

In light of that, the Company has made an application to the Stock Exchange for a waiver from the strict compliance with the requirements under Rules 3.28 and 8.17 of the Listing Rules (the "Waiver"). The appointment of Mr. Yin as a joint company secretary of the Company is subject to the Waiver to be granted by the Stock Exchange and the Company will make further announcements in due course.