Upbest Group Limited announced that Ms. CHENG Lai Kei ("Ms. Cheng") has resigned as the company secretary of the Company (the "Company Secretary") and authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 1st June, 2023. Ms. Cheng has confirmed that she has no disagreement with the Board and there is no other matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. The Board would like to express its appreciation to Ms. Cheng for her contribution during her tenure as the Company Secretary and Authorised Representative.

The Board announced that Mr. Au-Yong Shong, Samuel ("Mr. Au-Yong") has been appointed as the Company Secretary and Authorised Representative pursuant to Rule 3.05 of the Listing Rules in place of Ms. Cheng with effect from 1st June, 2023. The biographical details of Mr. Au-Yong are as follows: Mr. Au-Yong has extensive experience in the accounting, investment banking, private equity, equity capital markets and advising on corporate finance in both Hong Kong and China. Mr. Au-Yong obtained a bachelor's degree in science with first class honours from University of Southampton, United Kingdom in 1988.

Mr. Au-Yong is also a fellow member of The Hong Kong Institute of Certified Public Accountants.