Mobile Internet (China) Holdings Limited Board announced that Mr. Cho Yu Kwan Stephen ("Mr. Cho") has been appointed as an independent non-executive Director with effect from 3 October 2022. Mr. Cho, aged 61, has a financial background and worked for a long time in the financial and securities sector. He holds a master's degree from Shanghai Jiao Tong University (the "University") and stayed in the University to teach after graduation.

He was a senior manager of Shenyin Wanguo Securities (H.K.) Limited, a senior fund manager of China Insurance Group Asset Management Company, a vice president of HK Wen Wei Po Daily Management College, and the vice CEO of Freeman Fintech Corporation Limited. CHANGE IN COMPOSITION OF BOARD COMMITTEES The Board announces the following changes in the composition of the remuneration committee of the Company with effect from 3 October 2022: Mr. Wang Chen Guang, an independent non-executive Director, has been appointed as the Chairman of the Remuneration Committee; and Mr. Cho, an independent non-executive Director, has been appointed as a member of the Remuneration Committee. The Board announces the following changes in the composition of the audit committee of the Company with effect from 3 October 2022: Mr. Wang Chen Guang, an independent non-executive Director, has been appointed as a member of the Audit Committee; and Mr. Cho, an independent non-executive Director, has been appointed as a member of the Audit Committee.