On 13 December 2023, the board of directors of Tong Ren Tang Technologies Co. Ltd. received a resignation letter from Mr. Gu Hai Ou ("Mr. Gu"), informing the Board of his resignation from the positions as an executive Director, chairman of the Board, chairman of the nomination committee of the Board, chairman of the strategy and planning committee of the Board and the authorized representative, due to work adjustments. The above-mentioned resignation of Mr. Gu will take effect upon the new executive Director being elected by the shareholders of the Company (the "Shareholders") at the general meeting to be held.

Mr. Gu has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Stock Exchange and the Shareholders. The Board further announces on 13 December 2023, proposal in relation to the appointment of Mr. Di Shu Bing ("Mr. Di") as the executive Director of the eighth Board of Directors of the Company, and to have the Board recommend his remuneration and authorize the Board to enter into a service contract with him. The Board therefore proposed to appoint Mr. Di as an executive Director in accordance with relevant laws and regulations and the articles of association of the Company.

The proposed appointment of Mr. Di as an executive Director is subject to the approval by the Shareholders at the general meeting. Mr. Di Shu Bing (), aged 49, a senior accountant with a master degree of public administration. Mr. Di previously served as the finance supervisor of Beijing Tong Ren Tang Medicinal Herbal Wine Branch, the deputy manager of Beijing Tong Ren Tang Medicinal Herbal Wine Branch, a member of the Party Committee and the deputy general manager of Beijing Tong Ren Tang Commercial Investment Group, the assistant to the general manager and head of economic operation department of China Beijing Tong Ren Tang Group Co.

Ltd., a director of Beijing Tong Ren Tang Health Industry Investment Co. Ltd., the chairman of Beijing Tong Ren Tang Traditional Chinese Medicine Formula Granules Investment Co. Ltd., a director of Beijing Tong Ren Tang Biological Product Development Co.

Ltd., a director of Beijing Tong Ren Tang Cosmetics Co. Ltd., the vice chairman of Beijing Entrepreneurs Association and the vice chairman of Beijing Enterprise Confederation, the deputy head of the finance department, the deputy head and head of the investment management department, the secretary of the Party Committee, a director and the general manager of Beijing Tong Ren Tang Company Limited. Mr. Di currently serves as party secretary of the CPC Committee and chairman of Beijing Tong Ren Tang Company Limited, the deputy general manager of China Beijing Tong Ren Tang Group Co.

Ltd. and the vice chairman of Beijing Pharmaceutical Profession Association.