The board of directors of VSTECS Holdings Limited announced that Mr. Xia Bin (Mr. Xia) has tendered his resignation as a non-executive director of the Company with effect from 4 January 2023 as he intended to devote more time to his other personal commitments. Mr. Xia confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.