The board of directors of Zibuyu Group Limited announced that: Mr. Wang Shijian tendered his resignation as an executive Director of the Company with effect from 3 November 2023 to devote more time for his personal commitments; and Mr. Xu Shijian has tendered his resignation as an executive Director of the Company and an authorised representative pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 3 November 2023 to devote more time for other work commitments of the Company. The Board further announces that Mr. Hua Bingru has been appointed as an Authorised Representative with effect from 3 November 2023 following the
resignation of Mr. Xu.