GigaCloud Technology Inc. announced the changes to the composition of its board of directors. Mr. Huang Xing, who served as its non-executive director, resigned as a director of the Board for personal reason, effective December 31, 2022. Mr. Huang's resignation from the Board did not result from any disagreement with the Company, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

Mr. Huang's resignation has not affected the normal operation of the Board of the Company. The Board has approved the appointment of Mr. Qian Kainan as a non-executive director of the Company, effective from February 27, 2023, to fill the vacancy on the Board. Mr. Qian has over 20 years of experience in logistics and warehouse management.

Since 2018, Mr. Qian served as logistics director of JD Logistics Inc. Mr. Qian received his bachelor's degree in marketing from Shanghai University of Finance and Economics in 2001. There are no family relationships between Mr. Qian and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer. Upon Mr. Huang's resignation and Mr. Qian's appointment, the Board consists of seven directors, including three independent directors.