The board of directors of Diwang Industrial Holdings Limited announced the resignation of Ms. Zhu Jianqin (Ms. Zhu) as an executive Director with effect on 3 March 2023, and Mr. Gu Jianguo (Mr. Gu) as executive Director and the chairman of the nomination committee of the Company (Nomination Committee) with effect from 3 March 2023. On 3 March 2023, Ms. Zhu tendered her resignation as executive Director with effect from 3 March 2023, in order to pursue other business commitments. On the same day, and Mr. Gu tendered his resignation as executive Director and chairman of the Nomination Committee with effect from 3 March 2023, in order to pursue other business commitments. Immediately after the resignation of Mr. Gu, the Board announced that Mr. Lam Kam Kong Nathaniel, an executive Director, will be appointed as the chairman of the Nomination
Committee with effect from 3 March 2023.