Values Cultural Investment Limited announced that Mr. Liu Naiyue ("Mr. Liu"), the chairman of the Board and an executive Director, has appointed Mr. Au Yeung Ming Yin Gordon (Mr. Au Yeung), one of the joint company secretaries and authorised representatives of the Company under Rule 3.05 of the Listing Rules (Appointment), as his alternate to represent him to attend the annual general meeting of the Company (and at any adjournment thereof) to be held on 30 May 2022 (the "Meeting") with effect from 23 May 2022. The Appointment shall be ceased at the conclusion of the Meeting.