The board of directors of Town Health International Medical Group Limited announced that on 7 August 2023, (i) the Board (comprising 12 Directors who attended the relevant meeting of the Board but excluding a Director who was absent at such meeting and another Director who was required to abstain from voting on the relevant resolution) resolved to remove Mr. Chan Chun Hong (Mr. Chan) as the chairman of the company (Chairman) and re-designate him as a non-executive Director with effect from 7 August 2023, as the Board considered that Mr. Chan is not suitable to act as the Chairman and an executive Director; and (ii) the Board (comprising 12 Directors who attended the relevant meeting of the Board but excluding a Director who was absent at such meeting and another Director who voted against the relevant resolution) resolved to appoint Dr. Wong Chun Wa (Dr. Wong), an executive Director, as the Chairman with effect from 7 August 2023. Save that Mr. Chan disagreed with the view of the Board on his suitability to act as the Chairman and an executive Director, the Board is not aware of any disagreement between Mr. Chan and the Board or any matters that need to be brought to the attention of the shareholders of the company (Shareholders). The board also considers that the removal of Mr. Chan as Chairman will not have any adverse effect on the operations of the Group.

Dr. Wong Chun Wa, aged 50, has been appointed as an executive Director since 28 June 2022. Dr. Wong is also a director of a number of subsidiaries of the Company. Dr. Wong obtained a degree of Bachelor of Medicine and Bachelor of Surgery from the Chinese University of Hong Kong in December 1998.

Dr. Wong has become a registered medical practitioner by the Medical Council of Hong Kong since July 1999. Dr. Wong was admitted to the Membership of the Royal College of Surgeons of Edinburgh in May 2001 and the Fellowship of the Royal College of Surgeons of Edinburg in the Specialty of Orthopaedic Surgery in September 2005. Dr. Wong was elected as a Fellow of the Hong Kong College of Orthopaedic Surgeons in July 2005.

Dr. Wong was elected as a Fellow of the Hong Kong Academy of Medicine in the specialty of Orthopaedic Surgery in December 2005. Dr. Wong has been registered as a specialist in the specialty of Orthopaedics & Traumatology by the Medical Council of Hong Kong since April 2006. Dr. Wong worked in the Department of Orthopaedics and Traumatology Department of Queen Elizabeth Hospital from July 1999 to June 2008, and worked in the Orthopaedics & Traumatology Department of Pamela Youde Nethersole Eastern Hospital from July 2008 to December 2008.

The board also announced that with effect from 7 August 2023, following the cessation of his appointment as the Chairman, Mr. Chan has been re-designated from an executive Director to a non-executive Director. Mr. Chan, aged 59, graduated from The Hong Kong Polytechnic University with a degree of Bachelor of Arts in Accountancy in November 1997. Mr. Chan was an executive Director from March 2023 to August 2023 and the Chairman from June 2023 to August 2023.

Mr. Chan is also a director, the legal representative or chairman of a number of subsidiaries of the company. Mr. Chan was an executive director and the managing director of Wang On Group Limited from March 1997 to February 2021 and from September 2005 to February 2021, respectively. With respect to Easy One Financial Group Limited, Mr. Chan was its managing director and executive director from January 2007 to December 2020 and its chairman from June 2008 to December 2020.

Mr. Chan was the chairman and an executive director of China Agri-Products Exchange Limited, a company whose shares are listed on the Main Board of the Stock Exchange from February 2009 to February 2021. He was appointed as the chief executive officer of China Agri-Products Exchange Limited from August 2010 to February 2021. Mr. Chan was the chairman and a non-executive director of Wang On Properties Limited from December 2015 to February 2021.

Mr. Chan was the managing director and an executive director of Wai Yuen Tong Medicine Holdings Limited, from August 2001 to March 2018 and from August 2001 to February 2021, respectively. The board also announced that with effect from 7 August 2023, (i) Mr. Chan has ceased to be a member of each of the nomination committee of the Board (Nomination Committee) and the remuneration committee of the Board Remuneration Committee); and (ii) Mr. Tang Chi Kong (Mr. Tang), an independent non-executive Director, has been appointed as a member of each of the Nomination Committee and the Remuneration Committee.