A Metaverse Company announces that Ms. LIU Chen Hong has tendered her resignation as an independent non-executive Director, a member of the audit committee of the Board, a member of the remuneration committee of the Board and the chairlady of the nomination committee of the Board with effect from 18 April 2024 due to her decision to devote more time to her other business commitments. The Board also announces that with effect from 18 April 2024, Mr. LAM Kai Yeung, an INED, has been appointed as a member of the Remuneration Committee and the chairman of the Nomination Committee. Following the resignation of Ms. Liu as an INED and the cessation of her offices in the Board committees as well as the above changes in the composition of the Board committees: (a) the Company has only two INEDs, which falls below the minimum number of three INEDs as required under Rule 3.10(1) of the Rules Governing the Listing of Securities of the Stock Exchange; and (b) the Company has only two members of the Audit Committee, which falls below the minimum of three members as required under Rule 3.21 of the Listing Rules.