Hong Kong Aerospace Technology Group Limited announced that to facilitate and enhance the Group's new business international focus and to maintain the streamline structure of the Board for decision making, after the appointments of new Directors, each of Mr. Lam Kin Fung Jeffrey GBS, JP (``Mr. Lam''), Dr. Yip Chung Yin JP (``Dr. Yip''), Mr. Brooke Charles Nicholas GBS, JP (``Mr. Brooke''), Professor Chan Ka Keung, Ceajer GBS, JP (``Prof. Chan'') and Dr. Yuen Kwok Keung GBM, JP (``Dr. Yuen'') has agreed to resign from their office of directors with effect from 28 November 2023. The Board further announced that with effect from 28 November 2023: Mr. Sun Fengquan has been redesignated as the chairman of the Board; and Dr. Lam Lee G. BBS, JP has been redesignated as the deputy chairman of the Board. The Board announced that with effect from 28 November 2023, Audit Committee: Each of Mr. Alsarkal and Prof. Wang has been appointed as a member of the audit committee of the Board (the ``Audit Committee''); and Each of Mr. Brooke and Prof. Chan has resigned as a member of the Audit Committee.

Remuneration Committee: Prof. Wang has been appointed as the chairman of the Remuneration Committee and Mr. Juan de Dalmau-Mommertz (``Mr. de Dalmau'') has been appointed as a member of the Remuneration Committee; and Prof. Chan has resigned as the chairman of the Remuneration Committee and each of Mr. Brooke and Dr. Yuen has resigned as a member of the Remuneration Committee.) Nomination Committee: Each of Mr. de Dalmau and Ms. Ryan has been appointed as a member of the nomination committee of the Board (the ``Nomination Committee''); and Dr. Yuen has resigned as a member of the Nomination Committee.