The board (the "Board") of directors of Top Education Group Ltd. announces that with effect from 18 November 2022: (i) Professor Brian James Stoddart ("Professor Stoddart") will resign as chairperson of the Board ("Chairperson") and independent non-executive Director, as he intends to focus on a range of other professional matters; (ii) Mr. Thomas Richard Seymour ("Mr. Seymour") will resign as non-executive Director, as he intends to focus on other commitments; and (iii) upon Mr. Seymour's resignation, Mr. Kai Zhang ("Mr. Zhang") will cease to be an alternate Director to Mr. Seymour. Each of Professor Stoddart, Mr. Seymour and Mr. Zhang has confirmed that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the Company's shareholders (the "Shareholders") in relation to his resignation or cessation of office (as applicable). The Board also announces that Mr. Amen Kwai Ping Lee ("Mr. Lee"), an existing non-executive Director, has been appointed as Chairperson with effect from 18 November 2022.

As a result of his resignation, Professor Stoddart has ceased to be the chairperson and member of the Board's nomination committee (the "Nomination Committee") and a member of the Board's audit committee (the "Audit Committee"). The Nomination Committee no longer meets the composition requirements under Rule 3.27A of the Listing Rules, and the number of members of the Audit Committee falls below the minimum number required under Rule 3.21 of the Listing Rules. The Company is in the course of identifying a suitable candidate to fill the casual vacancies arising from the resignation of Professor Stoddart, with a view to complying with the requirements set out under Rules 3.27A and 3.21 of the Listing Rules as soon as practicable and in any event within three months from 18 November 2022.

Further announcement(s) will be made by the Company as and when appropriate.