VPower Group International Holdings Limited the Board announces resolutions have been passed by the Board to effect the following changes from 5 December 2023: Mr. Lee Chong Man Jason ("Mr. Lee") will resign as an ED and a co-chief executive officer of the Group ("co-CEO"). He will remain as an executive vice president of the Group and a director of various subsidiaries of the Company; Mr. Lam Yee Chun, an ED, will cease to be the executive chairman of the board and a member of the Nomination Committee; and he will be appointed as the CO Authorised Representative and will become the sole CEO following the resignation of Mr. Lee Chong Man Jason as a co-CEO.