The board of directors of China Biotech Services Holdings Limited announced that with effect from the conclusion of the forthcoming annual general meeting of the Company, Dr. Ho Ivan Chun Kit will retire from his position as an independent non-executive Director, a member of each of the audit committee, the nomination committee and remuneration committee of the Company due to Dr. Ho's intention to devote more time to his other business and personal engagements. Dr. Ho has confirmed that he has no disagreement with the Board, and the Board and Dr. Ho are not aware of any matters relating to his retirement that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board would like to take this opportunity to express its sincere gratitude to Dr. Ho for his valuable contributions to the Company during his tenure of service.