WPG Holdings Limited announced changes in the members of the Audit Committee and Remuneration Committee. Name of the previous position holder: Weiru Chen, Associate Professor of China Europe International Business School. Name of the new position holder: Joseph Yu, Independent Director, Integrated Service Technology Inc. The term of the 6th Board of Directors expired on June 23th, 2023.

The 7th Board of Directors was elected at 2023 Annual Shareholders' Meeting. The Audit Committee and Remuneration Committee are composed entirely of independent directors. Independent director Charles Chen was elected as the chair of Audit Committee, Independent director Jack J. T. Huang was elected as the chair of Remuneration Committee.

Effective date of the new member is May 31, 2023.