The board of directors of UMP Healthcare Holdings Limited announced the following changes: Each of Mr. YEUNG Wing Sun, Mike ("Mr. Mike YEUNG") and Mr. CHAU, Chit Jeremy ("Mr. Jeremy CHAU") retired as an independent non-executive Director with effect from the conclusion of the annual general meeting of the Company held on 24 November 2023 (the "AGM"). Mr. Mike YEUNG wishes to devote more time for his personal commitments while Mr. Jeremy CHAU would want to focus on his other work arrangement. Following Mr. Mike YEUNG's retirement, Mr. Mike YEUNG also ceased to be a member of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee").

Upon approval by the Shareholders at the AGM, Mr. YEUNG Tak Bun ("Mr. Allen YEUNG") has been appointed as an independent non-executive Director with effect from the conclusion of the AGM. Mr. Allen YEUNG, aged 57, holds a Bachelor of Science in Electrical Engineering from the University of Texas (Austin) in the U.S., a Master of Science in Electrical Engineering from Purdue University in the U.S., and an Executive MBA from the Kellogg School of Management of the University of Northwestern in the U.S. in conjunction with the Hong Kong University of Science and Technology. Mr. Allen YEUNG started his career in the Silicon Valley, California in 1987 and had worked for several high-tech companies.

Mr. Allen YEUNG held senior management positions in several multinational corporations with operations throughout Asia. When Mr. Allen YEUNG was the Chief Corporate Development Officer of the Hong Kong Science and Technology Parks Corporation in 2009, he was responsible for the development strategy of the science park, global partnership, incubation programme for start-ups, nurturing bio-tech, green-tech, IT and electronics enterprises, and initiated the science park corporate venture fund. During mid-2015 to mid-2018, Mr. Allen YEUNG was appointed as the Government Chief Information Officer, head of department, and a Justice of the Peace, by the Hong Kong SAR Government.

Mr. Allen YEUNG was responsible for formulation of policies and strategies for Hong Kong's information industry in development of the digital economy, e-government, cyber-security, and formulation of the blueprint for developing Hong Kong into the world's leading smart city. Mr. Allen YEUNG co-founded Intelli Global Corporation in late 2018 with international smart city and big data experts to provide top-level design and big data/artificial intelligence related products that foster city governments and companies around the world in managing cities with new smart city concepts, improving the quality of life, reducing management costs and improving urban governance efficiency. Mr. Allen YEUNG is currently the Chief Executive Officer of and Strategic Adviser to Intelli Global Corporation.

Mr. Allen YEUNG holds the public positions of being a member at the Expert Group of the Chief Executive Policy Unit and a Member of the Digital Economy Development Committee of the HKSAR Government. He is also the President of Greater Bay Area International Information Technology Industry Association and the Founding Chairman of the Institute of Big Data Governance. In addition, Mr. Allen YEUNG serves as an independent non-executive director of companies which are listed on the Stock Exchange, including Lansen Pharmaceutical Holdings Limited; Yau Lee Holdings Limited and Chinasoft International Limited.

He also serves as an independent non-executive director of Ping An OneConnect Bank (HK) Ltd., which is a wholly-owned subsidiary of OneConnect Financial Technology Co. Ltd. and a subsidiary of Ping An Insurance (Group) Company of China Ltd. and on the Shanghai Stock Exchange. Mr. Allen YEUNG will enter into a letter of appointment with the Company as an independent non-executive Director for a term of one year commencing from the date on which approval of his appointment by the Shareholders is obtained at the AGM, which term shall be automatically renewable for successive terms of one year.

Mr. Allen YEUNG is subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with to the articles of association of the Company. Following the retirement of Mr. Mike YEUNG and the appointment of Mr. Allen YEUNG, the composition of the Board committees has changed as follows: Mr. Mike YEUNG ceased to be a member of the Audit Committee and the Remuneration Committee with effect from the conclusion of the AGM; Mr. Allen YEUNG has been appointed as a member of the Audit Committee with effect from the conclusion of the AGM; and Mr. LEE Luen Wai, John has been appointed as a member of Remuneration Committee with effect from the conclusion of the AGM.