Transtech Optelecom Science Holdings Limited announced that Mr. Pan Jinhua (Mr. Pan) has tendered his resignation as an executive Director and ceased to be a member of the nomination committee of the Board (the Nomination Committee), and Ms. Sun Jing () (Ms. Sun) has tendered her resignation as an executive Director and a member of the remuneration committee (the Remuneration Committee), respectively, with effect from 1 October 2022 due to their other business commitments which require more of their attention and dedication (the Resignation). Mr. Pan and Ms. Sun have confirmed that they have no disagreement with the Board and there is no other matter that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company in respect of the Resignation. The Board announces that Mr. Xu Jinjie () (Mr. Xu) and Mr. Yin Zhou () (Mr.Yin) have been appointed as executive Directors with effect from 1 October 2022.

The biographies of Mr. Xu and Mr. Yin are set out as follows: Mr. Xu Jinjie, 33 years old, is an executive director. He has joined the Group in October 2020 and served as the acting general manager of its subsidiary, Futong Group Communication Technology (Thailand) Co. Ltd., in charge of the operations and business development in Thailand and other countries of the Association of Southeast Asia Nation (ASEAN).

Mr. Xu got the bachelor degree in electronic information engineering from Ningbo Institute of Technology, Zhejiang University in June, 2012. He has about 9 years` experience in international marketing, customer development, overseas project investment and operation. In December 2017, he was awarded the Outstanding Professional Awards at 30th Anniversary of Futong Group Co.

Ltd., (the Funtong China). Futong China and its subsidiaries are collectively referred to as Futong China Group . From May 2013 to March 2016, Mr. Xu served as the director assistant and sales manager of the European market in the international affairs department of Futong China, assisting the president to carry out investment survey, project operation and marketing.

From April 2016 to March 2019, Mr. Xu successively served as the secretary of the board of directors of Futong China Group, and the assistant to the director of Chairman`s (Hangzhou) Office, assisting the chairman in international affairs, communication and other appointed works. From April 2019 to September 2020, he served as the deputy general manager of Futong Group Import & Export Co. Ltd. and Jiaxing Futong International Technology Co.

Ltd. responsible for market promotion and project operation in ASEAN countries. Mr. Xu has resigned all posts in Futong China Group before October 2022. Mr. Yin Zhou, aged 33, is an executive Director.

Mr. Yin joined Group in October 2022 and is responsible for the development of new markets and trade affair of Group. Mr. Yin graduated from Zhejiang University of Technology and obtained a bachelor degree of English Language in June 2011. Mr. Yin has 10 years of experience in enterprise management, market development and sales operations.

Prior to joining Group, Mr. Yin took up the posts of the customer manager, claim manager and recover manager in the whole process of insurance business in China Export & Credit Insurance Corporation from July 2011 to September 2016. Between October 2016 and September 2022, Mr. Yin worked as the assistant to the president of the department of international business as well as the secretary to the director of Futong China. Mr. Yin has resigned all posts in Futong China Group before October 2022.

The Board further announces that Mr. Xu will be appointed as a member of the Nomination Committee from the resignation of Mr. Pan and Mr. Yin will be appointed as a member of the Remuneration Committee from the resignation of Ms. Sun, both effective from 1 October, 2022.