The board of directors of Home Control International Limited announced that Mr. Alain Perrot ("Mr. Perrot"), an executive Director and the chief executive officer of the Company (the "CEO"), has been appointed as chairman of the Board (the "Chairman") in succession to Mr. Yu Gao ("Mr. Gao") who has stepped down as the Chairman in order to devote more time to focus on other business commitments, with effect from 18 March 2022. Mr. Gao remains as an non-executive Director. Mr. Gao has confirmed that (i) he has no claim against the Company in respect of his resignation as the Chairman and there is no disagreement between him and the Board.

Mr. Alain Perrot, aged 65, an existing executive Director and the CEO. Mr. Perrot is responsible for overseeing overall business development and day-to-day operations of the Group. Mr. Perrot joined the Group in May 2015 and has been a director of Home Control Singapore Pte.

Ltd., Home Control Europe NV and the Company since September 2015, May 2015 and November 2015, respectively. Following Mr. Gao's resignation as the Chairman, Mr. Gao also resigned from his role as the chairman of the Nomination Committee. Mr. Werner Peter Van Eck ("Mr. Van Eck") is appointed as the chairman of the Nomination Committee and Mr. Perrot is appointed as a member of the Nomination Committee, with effect from 18 March 2022.