Honworld Group Limited announced that Mr. Gu has tendered his resignation as a non-executive director and ceased to be a member of the Audit Committee with effect from 10 January 2023 as he would like to devote his time on his other personal business engagement which requires more of his time and dedication. Upon his resignation, Mr. Gu will no longer hold any position in the Company and its subsidiaries. Mr. Gu has confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') and the shareholders of the Company.

Taking this opportunity, the Board would like to express its sincere gratitude to Mr. Gu for his invaluable contributions to the Company during his tenure of office. The Board further announces that Mr. Wu has been appointed as a non-executive director of the Company and a member of the Audit Committee with effect from 10 January 2023. Mr. Wu Hongping, aged 42, joined Lunar Capital Partners IV L.P. (``Lunar Capital'') in 2010 and is now a partner of Lunar Capital.

Lunar Capital, a substantial shareholder of the Company, is a leading private equity fund focusing on consumer market in China. Mr. Wu focuses on investments and portfolio management. Before joining Lunar Capital, Mr. Wu worked in KPMG Huazhen Accountant Firm (Special Ordinary Partnership) Shanghai Branch, and was responsible for the audit of several listed companies.

Mr. Wu obtained a bachelor's degree in International Economics and Trade from Shanghai Jiao Tong University () in July 2004. Mr. Wu has been a member of the Chinese Institute of Certified Public Accountants since January 2009.