The board of directors of Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited hereby announces that Ms. Fok Po Yi ("Ms. Fok") has tendered her resignation as (i) the joint company secretary of the Company (the "Joint Company Secretary"); (ii) an alternate to authorised representative of the Company, Mr. Pan Haihong, under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Alternate Authorised Representative"); and (iii) an authorised representative of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for the acceptance of service of process and notices in Hong Kong (the "Authorised Representative") with effect from 1 February 2021. Ms. Fok confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board further announces that Ms. Chan Tsz Yu ("Ms. Chan") has been appointed as a Joint Company Secretary, the Alternate Authorised Representative, and the Authorised Representative with effect from 1 February 2021.