The board ("Board") of directors ("Directors") of Zhejiang United Investment Holdings Group Limited ("Company") hereby announces as follows: Ms. Lai Pik Chi Peggy ("Ms. Lai") has resigned as an executive Director, company secretary (the "Company Secretary"), the compliance officer of the Company (the "Compliance Officer"), the authorised representative of the Company (the "Authorised Representative"), the process agents of the Company (the "Process Agents") and member of each of the remuneration committee (the "Remuneration Committee") and nomination committee (the "Nomination Committee") of the Company with effect from 15 March 2024 due to her other business commitments. Following the resignation of Ms. Lai, Mr. Choi Pun Lap, an executive Director, has been appointed as the Company Secretary, the Compliance Officer and the Process Agents and Mr. Law Ka Ming, an executive Director, has been appointed as an Authorised Representative with effect from 15 March 2024. Following the resignation of Ms. Lai, the composition of the Board committees has changed with effect from 15 March 2024 as follows: Ms. Lai ceased to be the member of each of the Remuneration Committee and Nomination Committee; Mr. Hui Man Ho Ivan, an independent non-executive Director, has been appointed as a member of Remuneration Committee.