On 23 April 2022, the Board of Tianyun International Holdings Limited has resolved to establish an investigation committee (the "Committee"), initially comprising (i) two independent non-executive Directors, namely Mr. Liang Zhongkang and Mr. Shiu Shu Ming; and (ii) an executive Director, namely Mr. Yeung Wan Yiu, for the purpose of, among other things, investigating into the unauthorized transaction(s) as mentioned in the Announcements; reporting and making recommendations to the Board on appropriate actions to be taken (the "Investigation").