Town Health International Medical Group Limited announced that in relation to, among other things, removal of chairman ("Chairman") of the board ("Board") of directors ("Directors") of the company, and the redesignation of Mr. Chan Chun Hong (" Mr. Chan ") as a non-executive Director. Unless otherwise stated, capitalised terms used herein shall have the same meaning as those defined in the Announcement. The Board wishes to announce that at a Board meeting held on 16 August 2023 (the "Meeting"), it was resolved that the duties of Mr. Chan as a non-executive Director be suspended, by reason of Mr. Chan's pattern of conducts, which in the opinion of the Board would render him unsuitable to act as a Director.

The decision was made after a special investigation committee of the Board (formed after the meeting of the Board held on 7 August 2023) had presented to the Board its findings regarding Mr. Chan's various conducts. Mr. Chan denied all the allegations but presented no substantive response at the Meeting, and said he reserved the rights to respond as soon as practicable.