Pursuant to Rule 13.92 of the Listing Rules, the Stock Exchange will not consider diversity to be achieved for a single gender board. Following the removal of Ms. Ma Xiaoqiu, Ms. Liu Xinyi and Ms. Lyu Qiujia as Directors with effect from 19 March 2024 as announced by TOMO Holdings Limited in the Announcement (the "Removal"), the Company has a single gender board which does not meet the requirement under Rule 13.92 of the Listing Rules. Following the removal of Ms. Liu Xinyi as a non-executive Director, Ms. Liu Xinyi also ceased to act as an authorised representative of the Company (the "Authorised Representative") as required under Rule 3.05 of the Listing Rules with effect from 19 March 2024.

The Board further announced that Ms. Lam Wai, the company secretary of the Company, has been appointed as an authorised representative of the Company in placement of Ms. Liu Xinyi with effect from 19 March 2024.