The board of directors of Want Want China Holdings Limited hereby announced that in accordance with the articles of association of the Company, Mr. Liao Ching-Tsun ("Mr. Liao") will be subject to retirement by rotation as a non-executive director of the Company at the forthcoming annual general meeting to be held on 22 August 2023 (the "2023 AGM"). Mr. Liao has decided that he will not seek for re-election at the 2023 AGM in order to devote more time to his retirement life. Accordingly, Mr. Liao will cease to be a non-executive director of the Company, vice chairman of the Board and a member of the strategy committee of the Company at the conclusion of the 2023 AGM.

Mr. Liao has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company in connection with his retirement.