The board of directors of Oriental Payment Group Holdings Limited announced that Ms. Huang Ping has tendered her resignation as an independent non-executive Director with effect from 30 September 2022 (the "Resignation") as she would like to devote more time to her other commitments. Ms. Huang has confirmed that she had no disagreement with the Board and there were no other matters relating to the Resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Simultaneously upon the Resignation, Ms. Huang will also cease to be the chairman of the nomination committee (the "Nomination Committee") of the Company and a member of each of the remuneration committee and the audit committee (the "Audit Committee") of the Company.

Following the Resignation of Ms. Huang with effect from 30 September 2022, (i) the Board would thereafter comprise only two independent non-executive Directors; (ii) the Audit Committee would thereafter comprise only two members; and (iii) there would be no chairman of the Nomination Committee as required under Rule 5.36A of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules"), assuming that no independent non-executive Director has been newly appointed to fill up the aforesaid vacancies by 30 September 2022. Under such circumstances, the then number of the independent non-executive Directors in the Board and the then number of the members in the Audit Committee would fall below the minimum number requirements as respectively set out in Rules 5.05(1) and 5.28 of the GEM Listing Rules, while the then composition of the Nomination Committee would not meet the requirements under Rule 5.36A of the GEM Listing Rules.