Ying Hai Group Holdings Company Limited board of directors announced that Mr. Choi Wai Chan (Mr. Choi) resigned as an executive Director of the Company and the chairman of the Board with effect from 3 August 2022. Upon his resignation, Mr. Choi ceased to act as the Company's (i) chief executive officer; (ii) compliance officer for the purpose of Rule 5.19 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (GEM Listing Rules); and (iii) authorised representative for the purpose of Rule 5.24 of GEM Listing Rules. The resignation of Mr. Choi was due to his other personal and business commitments, which require more of his time and dedication.

Mr. Choi confirmed that as at the date of this announcement, (i) he does not have any claim against the Company in respect of his resignation; (ii) he does not have any disagreement with the Board; and (iii) there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company (the Shareholders) and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board further announces that, following the resignation of Mr. Choi, Ms. Zou Shuer, being an executive Director of the Company, has been appointed as the chairman of the Board and the Company's (i) chief executive officer; (ii) compliance officer for the purpose of Rule 5.19 of GEM Listing Rules; and (iii) authorised representative for the purpose of Rule 5.24 of GEM Listing Rules with effect from 3 August 2022.