Universal Technologies Holdings Limited at the AGM held on 30 June 2023, approved that Dr. Cheung Wai Bun, Charles, J.P. did not stand for re-election, retired as an independent non-executive Director and ceased to be the chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee, taking effect at the conclusion of the AGM on 30 June 2023. Mr. Yeung Kin Chung Clifton, M.H. was elected by the Shareholders as an independent non- executive Director, taking effect at the conclusion of the AGM on 30 June 2023. The Board appointed Mr. Yeung as the chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee, in each case taking effect simultaneously with the appointment of Mr. Yeung as Director.