StarGlory Holdings Company Limited announce that Mr. Wu has resigned as an executive Director with effect from 28 July 2023 to devote more time to his other business commitment. Following the resignation of Mr. Wu, Mr. Li has been appointed as an executive Director with effect from 28 July 2023. Mr. Li Hongchen aged 24, has over 4 years of experience in the management of several subsidiaries of the Company.

Mr. Li obtained a bachelor's degree in education from the South China University of Technology in the People's Republic of China in June 2021. From December 2018 to December 2019, Mr. Li served as the chairman of the board of Sky Label Holdings Limited an indirect wholly owned subsidiary of the Company whose business included investment holding. Since January 2019, Mr. Li served as the chairman of the board of Haiyuncai Technology (Shenzhen) Company Limited an indirect wholly-owned subsidiary of the Company, which has not yet commenced business in the PRC.

From May 2021 to July 2023, Mr. Li served as the chairman of the board of Huayin (Shenzhen) Biotechnology Co. Ltd. an indirect wholly-owned subsidiary of the Company, whose business included investment holding and trading of healthcare products in the PRC and he also served as chairman of the board of two directly non-wholly owned subsidiaries of Huayin, namely Zhongke Huayin (Shenzhen) Biotechnology Co. Ltd. and Zhongke Huayin (Shenzhen) Biology Co.

Ltd. since March 2022 and January 2022, respectively. Since January 2020, Mr. Li served as the chairman of the board of StarGlory Enterprise Management (Shenzhen) Company Limited an indirect wholly-owned subsidiary of the Company, whose business included trading of healthcare products in the PRC. The Board also wishes to announce that Mr. Yang has resigned as an independent non-executive Director with effect from 28 July 2023 in order to devote more time to his other business commitment.

Mr. Yang confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange. The Company would like to express its gratitude to Mr. Yang for his contributions during his tenure of office. Following the resignation of Mr. Yang, Ms. Liao has been appointed as an independent non-executive Director with effect from 28 July 2023.

Ms. Liao Sijie age 27, has over 3 years of experience in management consultancy and operations management. Ms. Liao obtained a bachelor's degree in science from The Pennsylvania State University in the United States of America in May 2018 and a master's degree in science from Columbia University in the City of New York in the United States of America in May 2021. Before joining the Company, from July 2018 to June 2019, Ms. Liao served as an economics & valuation services consultant in KPMG US LLP.

From August 2021 to March 2022, Ms. Liao served as a management consultant in Alvarez & Marsal Consumer and Retail Group, LLC, a consulting firm. Since March 2022, Ms. Liao served as a strategy & operations manager in Uber Technologies Inc., a technology company. Following the resignation of Mr. Yang, he has ceased to be a member of the Audit Committee and the chairman of Remuneration Committee with effect from 28 July 2023.

Subsequent to the appointment of Ms. Liao as an independent non-executive Director, Ms. Liao has been appointed a member of the Audit Committee and the chairman of Remuneration Committee with effect from 28 July 2023.