The board of Dingyi Group Investment Limited announced that Mr. Li Kwong Yuk has resigned as an Executive Director, the Chairman of the Board, the chairman of the Nomination Committee and an authorized representative to accept on the Company's behalf service of process and notices required to be served on the Company in Hong Kong as required under Rule 19.05(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XVI of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (an "Authorized Representative") with effect from 30 December 2022 due to his other business engagements which require more of his time. The Board announced that Mr. Su Xiaonong ("Mr. Su"), the Executive Director and chief executive officer of the Company (the "Chief Executive Officer"), has been appointed as the Acting Chairman of the Board, the chairman of the Nomination Committee and an Authorized Representative with effect from 30 December 2022. Mr. Su, aged 58, joined the Company as Executive Director and Chief Executive Officer on 27 October 2011.

He is also a member of the Remuneration Committee and directors of various subsidiaries of the Company. Mr. Su graduated from East China College of Political Science and Law in 1986. He has been director or management of various venture capital, private equity and investment consultancy companies in the People's Republic of China, including (Shenzhen Guofa Investment Management Co.

Ltd.) during the period from April 2003 to November 2007. Mr. Su currently works at (Shenzhen Zhonglian Yiye Investment Consulting Co. Ltd.) and (Shenzhen Dingyi Wantong Investment Co.

Ltd.). He is also a partner and vice president of (Shenzhen Dingyi Capital Investment Company L.P.). The Board announced that Mr. Ho Cheong Hang Edmond ("Mr. Ho") has been appointed as an Executive Director with effect from 30 December 2022.

Mr. Ho, aged 37, graduated from the University College London with a bachelor's degree in Civil Engineering and from the University of Warwick with a master's degree in Electronic Commerce. He possesses solid experience in intelligent digital commerce business, assets and property management and gas station operation. He was the chairman and general manager of (Shenzhen Gaozhizhe Digital Electronics Company Limited) from 2008 to 2013 and the chairman of (Shenzhen Letian Assets Management Company Limited) from 2013 to 2015.

Mr. Ho has been serving as a director of (Shenzhen Yuanxiang Caitian Gas Station Company Limited) since 2015.