The board of directors of HBM Holdings Limited announced that Ms. Chen Weiwei, an independent non-executive Director prior to the Effective Date, has entered into the Consultancy Agreement (as defined below) and been appointed as senior business consultant leveraging her extensive experience in corporate business strategy and operation to assist the Company in its operation optimization and efficiency maximization. As a result thereof, Ms. Chen has been re-designated as an non-executive Director, and she has also resigned as the chairman of the audit committee and a member of the remuneration committee of the Board, with effect from June 9, 2021. Ms. Weiwei Chen, aged 55, was appointed as an independent non-executive Director of Company in December 2020. The Board is announced that with effect from the Effective Date, Mr. Ka Chi Yau has been appointed as an independent non-executive Director, chairman of the Audit Committee and member of the Remuneration Committee. Following the redesignation of Ms. Chen as a non-executive Director and appointment of Mr. Yau as an independent non-executive Director; (i) Ms. Chen has resigned as the chairman of the Audit Committee and a member of the Remuneration Committee; and (ii) Mr. Yau has been appointed to replace Ms. Chen as the chairman of the Audit Committee and a member of the Remuneration Committee, with effect from June 9, 2021.