The board of directors of P.B. Group Limited announced that Ms. ZONG Yan has been appointed as the executive Director of the Company with effect from 23 August 2023. Ms. Zong, aged 35, obtained a bachelor degree in Economics and Administrative Management from the Nanjing Political College of the Chinese People's Liberation Army in 2015 and a post graduate diploma in Business Administration from the Society of Business Practitioners of Cheshire, England in September 2017. Ms. Zong has extensive experience in media and entertainment related businesses.

From March 2016 to March 2020, Ms. Zong held positions as the executive director, director, producer, and planning director at a film and television cultural communication company located in Tianjin, the PRC. Ms. Zong has been the director and general manager of a film and television production company located in Beijing, the People's Republic of China (the "PRC") since February 2017, and is responsible for the management of overall operation of the company. The company has previously co-produced the film "Better Days" which won eight awards at the 39th Hong Kong Film Awards, including Best Film, Best Director, and Best Screenplay.

It also represented Hong Kong in the competition for the Best International Feature Film category at the Academy Awards. The Board also announces that Mr. SU Chun Xiang ("Mr. Su") has tendered his resignation as an executive Director with effect from 23 August 2023 due to his other business engagement. Following the resignation of Mr. Su, Mr. Su has ceased to be the compliance officer of the Company (the "Compliance Officer") under Rule 5.19 of the GEM Listing Rules with effect from 23 August 2023.

Dr. CHAN Man Fung, an executive Director and the co-chairman of the Board, has been appointed as the Compliance Officer with effect from 23 August 2023.