Welife Technology Limited announces that Mr. Wong Wai Ming has resigned as an independent non-executive Director with effect from 14 August 2023 in order to devote more time to his personal business commitment. Upon his resignation as an independent non-executive Director, Mr. Wong ceases to be the chairman of the renumeration committee of the Company (the "Renumeration Committee"), a member of the nomination committee of the Company (the "Nomination Committee") and a member of the audit committee of the Company (the "Audit Committee"). The Board announces that with effect from 14 August 2023: (1) Mr. Tan Jian () ("Mr. Tan") has been appointed as an executive Director; (2) Mr. Leung Chun Kin has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; and (3) Mr. Wang Xianglong ("Mr. Wang") has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee.

Mr. Tan, aged 27, has approximately 5 years of experience in the catering and dining industry. Since or about 2020, Mr. Tan was a marketing director of Zhuhai Heng Qin Hao Wei Dao Catering Management Co., Limited (which was acquired by the Group in August 2022) and continued to hold such position until the date of this announcement. Mr. Leung, aged 59, holds an Executive Master Degree of Business Administration in Sun Yat-sen University, China.

He has over 10 years of experience in the hotel management industry. Mr. Wang, aged 33, holds a Bachelor Degree from Si Chuan University, China in 2012. He has more than 10 years of experience in corporate management.

Prior to the joining of the Company, he was the chief executive officer of Game Factory.