Venus Medtech (Hangzhou) Inc. announced that on November 20, 2023, (i) Mr. Min Frank Zeng ("Mr. Zeng") has tendered his resignation as an executive Director and the chairman of the
Board of the Company and (ii) Mr. Zhenjun Zi ("Mr. Zi") has tendered his resignation as an executive Director, the general manager and the authorised representative of the Company also for
the sake of upholding future development of the Company, in each case, with effect from November 20, 2023. As co-founders of the Company, Mr. Zeng and Mr. Zi will provide the continuous support to the Company's development in the long run.