The board of directors of Yestar Healthcare Holdings Company Limited announced that Dr. Hu Yiming and Mr. Sutikno Liky have tendered their resignation as independent non-executive Director of the Company both with effect from 31 May 2023 for the purpose of maintaining their objectivity and independence of the Board and the Group as both of them have joined the Company since its listing in 2013 and have consecutively served the Company for nine years. Both of Dr. Hu and Mr. Liky have confirmed to the Board that they have no disagreement with the Board and there is nothing relating to their resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited. The Board further announced that Mr. Zhao Ziwei and Michael David Koeswondo have been appointed as independent non-executive Director of the Company with effect from 31 May 2023.

Mr. Zhao, aged 43, has about 20 years of experience in auditing and financial management. He has been an executive director of Ruimu Jiajie (Shanghai) Corporate Management Co. Ltd. since April 2023.

Mr. Zhao was the chief financial officer of Shanghai Sishun E-Commerce Co. Ltd. between June 2018 and March 2023 and was responsible for the financial and financing management of the company. From June 2021 to February 2023, Mr. Zhao was an independent director of Suzhou Molarray Co.

Ltd. From August 2016 to December 2017, he was acting as the chief financial officer of Xianning Haiwei Composite Material Company Limited. From October 2015 to July 2017, he was acting as the chief financial officer of Shanghai Labway Clinical Laboratory Co. Ltd. From March 2014 to September 2015, Mr. Zhao was acting as the chief financial officer of Shanghai Yuantong Jiaolong Investment Development (Group) Co.

Ltd. He was an audit manager of Ernest & Young for the period from November 2005 to March 2014. Mr. Zhao obtained a bachelor's degree in business administration from Sichuan University in 2003, passed China's CPA examination in the same year and commenced practice in 2005. Mr. Koeswondo, aged 55, has over 30 years of experience in human resources management and investment management.

He is now acting as a senior managing partner in UDL HOLDING, a private holding company that engages in various business fields, such as property development, construction, law firm, tax consulting firm, business consulting firm, and security management since 2015. In addition, Mr. Koeswondo is also acting as Vice President in Shanghai Paradise Film EIC Ltd. since 2019 and he is responsible for advisory role on expansion of market share in that industry. From 2013 to 2015, Mr. Koeswondo has been an associate director of Page Executive.

From 2007 to 2013, he was a managing director of Synerg and focused on the implementation of human resourcing and recruiting strategies and decisions. Mr. Koeswondo obtained a master of arts degree in human resources management in Hawaii Pacific University in 1994 and obtained a bachelor of arts degree in communication studies in California State University of Sacramento in 1992. Change of composition of board committees: Subsequent to the resignation of Dr. Hu, Dr. Hu has ceased to be the chairman of audit committee, and member for each of the remuneration committee and the nomination committee of the Company.

Mr. Zhao, an independent non-executive Director, has also been appointed as the chairman of audit committee, and member for each of the remuneration committee and the nomination committee of the Company with effect from 31 May 2023. Subsequent to the resignation of Mr. Liky, Mr. Liky has ceased to be the chairman of nomination committee, and member for each of the audit committee and the remuneration committee of the Company. Mr. Koeswondo, an independent non-executive Director, has also been appointed the chairman of nomination committee, and member for each of the audit committee and the remuneration committee of the Company with effect from 31 May 2023.