The board of directors of Yoho Group Holdings Limited announced that Mr. Law Kwai Yee will resign as the Chief Financial Officer of the Group with effect from 9 July 2022. Mr. Law Kwai Yee joined the Group in June 2021 from the investment banking industry and used his corporate finance experience to assist the Group in its mission to raise capital in the capital markets during its application for initial listing. Mr. Law expressed a desire to return to the investment banking industry, and having completed the Company's initial listing and secured a high paid position in a bulge bracket investment bank, Mr. Law therefore resigns from the position of Chief Financial Officer of the Group.

Following the effective date of his resignation, Mr. Law will not hold any position in the Group. Mr. Law confirmed that he did not have any disagreement with the Board and there is not any matter that needs to be brought to the attention of the shareholders of the Company in relation to his resignation, and appreciated his valuable experience in the Group for the past year.