The board of directors of Satu Holdings Limited hereby announced that Ms. Tsang Lee Mei (Ms. Tsang) has resigned as the financial controller (the "Financial Controller"), company secretary (the "Company Secretary") and the authorised representative (the "Authorised Representative") of the Company and Mr. Hung Wai Ho ("Mr. Hung"), the Financial Controller of the Company, has been appointed to be the Company Secretary and the Authorised Representative, with effect from 1 January 2024, pursuant to Rules 5.14 and 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules"). With regard to the resignation of Ms. Tsang, the Board announced that Mr. Hung has been appointed as the Company Secretary and the Authorised Representative with effect from 1 January 2024. The biographical background of Mr. Hung is as follows: Mr. Hung is currently the Financial Controller of the Company. He obtained his degree of Bachelor of Arts in Accountancy in 2002, a degree of Master of Corporate Governance in 2010 and a degree of Master of Corporate Finance in 2016 respectively from the Hong Kong Polytechnic University. He is
a member of the Hong Kong Institute of Certified Public Accountants and a member of the Hong Kong Chartered Governance Institute. He has extensive experience in financial management, auditing, and taxation for companies listed in the Main Board of the Stock Exchange.