The board of directors of Zhong Ao Home Group Limited announced that Mr. Huang Anxin has resigned as an independent non- executive Director due to his desire to devote more time to his personal affairs, and has ceased to act as a member of the audit committee of the Board, with effect from 1 July 2023. The Board announced that Mr. Yin Weizhong has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 1 July 2023. Mr. Yin, aged 56, graduated from Nanjing Agricultural University with a master's degree in agriculture in 1994.

He has extensive experiences in marketing, management and teaching in the People's Republic of China. He has been the general manager of Guangzhou Yingte Marketing Planning Co. Ltd. since 2016, and is fully responsible for the operation of the company, including the promotion of its marketing consulting business to different mass consumer goods enterprises, as well as agricultural and animal husbandry enterprises.

From 2008 to 2016, he had been the dean of the business school of Guangdong Lingnan Vocational and Technical College and was fully responsible for the teaching and research work of the college. Prior to that, Mr. Yin had also worked for other enterprises and universities in the PRC. The Board further announces that following the resignation of Mr. Huang and the appointment of Mr. Yin, the composition of the Audit Committee will be changed as follows with effect from 1 July 2023: (i) Mr. Huang ceases to be a member of the Audit Committee; and (ii) Mr. Yin is appointed as a member of the Audit Committee.