The board of directors of Bauhaus International (Holdings) Limited announced that Mr. Mak Wing Kit ("Mr. Mak") has tendered his resignation as an independent non-executive Director with effect from 30 November 2023 as he wishes to devote more time to his personal endeavours. Upon Mr. Mak's resignation, he will cease to be the chairman of audit committee (the "Audit Committee") and a member of each of the remuneration committee (the "Remuneration Committee") and nomination committee (the "Nomination Committee") of the Board. The Board announced that Mr. Ong Benjamin Peng Liong ("Mr. Ong") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee with effect from 30 November 2023 (collectively, the "Appointment").

Mr. Ong Benjamin Peng Liong, aged 50, is a qualified accountant with 28 years of working experience in mergers and acquisitions, corporate development and various finance roles in Hong Kong, United States and Canada. He held a senior executive position with a global communications and advertising group for the past 12 years. He is a non-executive director of a media and communications company in Vietnam.

Previously he held various positions in the transaction advisory and audit divisions of two of the Big 4 accounting firms and in a corporate finance role for a Canadian stock exchange platform. He graduated from the University of British Columbia in Canada in 1995 and holds professional certifications including Chartered Professional Accountant, Chartered Accountant in Canada and Chartered Financial Analyst. Following the Appointment, the composition of the Board committees has changed with effect from 30 November 2023 as follows: (i) Mr. Mak ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee; and (ii) Mr. Ong has been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee.