The Board of Venus Medtech (Hangzhou) Inc. announced that Mr. Haiyue Ma ("Mr. Ma") has resigned as a joint company secretary and the chief financial officer of the Company with effect from June 2, 2023. Mr. Ma has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange. Following the resignation of Mr. Ma, the other joint company secretary of the Company, Mr. Wong Wai Chiu, will remain in office and act as the sole company secretary of the Company.

The Board would like to express its sincere gratitude and appreciation to Mr. Ma for his valuable efforts and contributions to the Company during his tenure of office.