Orient Securities International Holdings Limited board of directors updated the shareholders of the Company and potential investors on the results of a comprehensive assessment conducted throughout the year regarding the internal control, ongoing monitoring, and loan recovery of the Group's money lending business (the Money Lending Business). The findings of the said assessment reveal an oversight in registering loan collaterals in China and limited progress in the management's loan recovery efforts. Consequently, the Group continues to bear impairment losses on the loan receivables.

After careful consideration of the above circumstances and with the aim of addressing any concerns that the Company's management, shareholders, or potential investors may have regarding the responsibilities of Ms. Lee Nga Ching (Ms. Lee), an executive Director overseeing the Money Lending Business, the Board has resolved the decision to suspend Ms. Lee's duties with immediate effect until further notice (the Suspension).