New Century Group Hong Kong Limited announced that with effect from 1 July 2022, Mr. Yu Wai Man ("Mr. service of process and notices on behalf of the Company in Hong Kong (the "Process Agent") under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) due to his personal endeavours. Simultaneously, Mr. Yu has also resigned as an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), a member of the remuneration committee and a member of the nomination committee with effect from 1 July 2022. Mr. Yu has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange.

The Board also announces that Ms. Chen Ka Chee ("Ms. Chen"), an executive Director has been appointed as the Authorised Representative in place of Mr. Yu with effect from 1 July 2022. The Board also announces that Ms. Chen has been appointed as a member of the remuneration committee and a member of the nomination Committee in place of Mr. Yu with effect from 1 July 2022.