The board of directors of Universal Star (Holdings) Limited announced that Mr. Zhang Jiantao has tendered his resignation as a non-executive Director, member of the audit committee of the Company and member of the remuneration committee of the Company with effect from 1 May 2023 as he intended to devote more time to his other business engagements. The Board announced that with effect from 1 May 2023, Ms. Li Yanfang has been appointed as a non-executive Director, member of the Audit Committee and member of the Remuneration Committee. Ms. Li, aged 42, has approximately over 18 years of experience in audit, investment, financing and listing-related matters.

Ms. Li worked at the audit department of Beijing Zhongxing Zhengxin Certified Public Accountants from July 2003 to April 2006 with the last position as the responsible person of finance department. From May 2006 to August 2013, Ms. Li worked at Shenzhen HuaFuYang Supply Chain Co. Ltd. as the responsible person of investment and financing department.

Since September 2013, Ms. Li has been working in Shenzhen Amer (Group) Co. Ltd. and is currently serving as the president of the listing division of the chairman's office. Ms. Li received her master's degree in advanced business administration from Guanghua School of Management, Peking University in 2022.

Ms. Li has entered into a service agreement with the Company for an initial term of three years commencing from 1 May 2023, subject to retirement and re-election in accordance with the articles of association of the Company.