Suzhou Basecare Medical Corporation Limited announced that the Stock Exchange has granted the Waiver, which is valid for a period of three years from the date of Ms. WANG Yan's appointment as a joint company secretary (the "Waiver Period"), on the following conditions: Ms. Wang will be assisted by Mr. Lok Kwan YIM ("Mr. Yim"), the current joint company secretary of the Company, who possesses all the requisite qualifications required by the Listing Rules during the Waiver Period; the Waiver could be revoked if there are material breaches of the Listing Rules by the company; and the company will announce the reasons for, and the details and conditions of the Waiver, and the qualification and experience of both Ms. Wang and Mr. Yim. Mr. Yim is a manager of SWCS Corporate Services Group (Hong Kong) Limited and has over ten years of experience in the corporate services field. Mr. Yim is a fellow member of both The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) in United Kingdom.

The Wavier applies to Ms. Wang's appointment only. The Stock Exchange may withdraw or change the Waiver if the Company's situation changes. With the Waiver granted, the Board announced that Ms. Wang has been appointed as a Joint Company Secretary with effect from April 19, 2022.