The board (the " Board ") of directors of IBO Technology Company Limited (the "Company") announce that Mr. Luk Hong Man, Hammond ("Mr. Luk ") has been appointed as an independent non-executive Director with effect from 8 December 2023. Mr. Luk aged 42, is a member of the Chartered Professional Accountants of Canada. Mr. Luk is also a fellow member of the Hong Kong Institute of Directors and the Association of Chartered Certified Accountants respectively. Mr. Luk has a bachelor of laws from the University of London and a bachelor of commerce from the University of Alberta. Mr. Luk is currently an executive director of Ding Yi Feng Holdings Group International Limited (formerly known as China Investment Fund Company Limited) (the "Ding Yi Feng") since July 2011. Mr. Luk is also currently the chairman of the environmental, social and governance committee, the chief executive officer, the financial controller, a member of the nomination committee and the risk management committee and an authorized representative of Ding Yi Feng. Mr. Luk has over 20 years of experience in management accounting, financial control, internal audit and compliance with different companies in Canada and Hong Kong. Mr. Luk has gained
experience in investment management and corporate governance in Ding Yi Feng. From September 2009 to August 2011, Mr. Luk acted as an executive director and the
compliance officer of Media Asia Group Holdings Limited (formerly known as Rojam Entertainment Holdings Limited). He was also an executive officer in charge of the accounting and finance department in Cherish Sunshine International Limited (formerly known as China Public Procurement Limited). The Board announce that Mr. Luk, the independent non-executive Director, has been appointed as a member of each of the audit committee (the "Audit Committee") and the Remuneration Committee with effect from 8 December 2023. The Board announces that Dr. He Tianxiang has resigned as an independent non- Committee with effect from 27 December 2023 as he would like to spend more time pursuing
his business development. Dr. He has confirmed that there is no disagreement with the Board and he is not aware of any matters that need to be brought to the attention of the shareholders of the Company or the Stock Exchange in relation to his resignation.