The board of Town Health International Medical Group Limited at its AGM to be held on June 20, 2023 proposed that each of Dr. Tsang Wah Tak, Kenneth, an executive Director and a deputy chairman of the Company, and Mr. Shiu Shu Ming, an executive Director, has withdrawn his offer for re-election at the AGM so that they can devote more time and effort on the business of Hong Kong Medical Consultants Limited, a wholly-owned subsidiary of the Company. Accordingly, both Dr. Tsang and Mr. Shiu will cease to be executive Directors with effect from the conclusion of the AGM. Following the retirement of Dr. Tsang as an executive Director, Dr. Tsang will also cease to be a deputy chairman of the Company; and a member of each of the Nomination Committee and the Remuneration Committee.