The Board of Bortex Global Limited announced that Mr. Shao Xu Hua, an executive Director and the chief executive officer of the company, will cease to act as the chief executive officer of the Company with effect from 10 March 2022 due to the work re-allocation and the adjustment of the management team of the Company. Mr. XH Shao will remain as an executive Director. The Board further announced that, upon Mr. XH Shao's cessation to act as the chief executive officer, Mr. Shao Chiliang ("Mr. CL Shao'') has been appointed as the chief executive officer of the Company and will be responsible for the overall business strategies of the Group with effect from 10 March 2022.

Mr. CL Shao is an existing executive Director and a member of the Remuneration Committee. He has been responsible for managing sales and marketing activities of the Group. Mr. Shao Chiliang has joined the Group since 2004 and has been appointed as an executive Director on 19 October 2021.