Reference is made to the announcement dated 29 August 2022 made by Yeebo (International Holdings) Limited in relation to the passing away of Mr. Fang Hung, Kenneth, the late Chairman of the Company. The board of directors of the Company announced that Mr. Fang Yan Tak, Douglas, currently Vice Chairman and a Non-executive Director of the Company, has been appointed as Chairman of the Company with effect from 1 September 2022. Mr. D Fang will also be re-designated from a Non- executive Director to an Executive Director on the same date.

Mr. D Fang, aged 49, was appointed as a non-executive director of the Company on 27 June 2014 and the Vice Chairman on 10 September 2020. He is currently a director at Fang Brothers Holdings Limited ("Fang Brothers") and its various affiliated companies. Prior to joining Fang Brothers, he worked at Donaldson, Lufkin & Jenrette, an investment bank in the United States of America.

Mr. D Fang received his Bachelor of Science degree from the Massachusetts Institute of Technology in 1995. Mr. D Fang is the vice chairman and a director of Nantong Jianghai Capacitor Company Limited, an associated company of the Company and a company listed on the Shenzhen Stock Exchange. Except for the above, Mr. D Fang did not hold any directorship in listed public companies in the last three years.

Pursuant to his appointment as Chairman of the Company, Mr. D Fang ceased to be a member of the Audit Committee of the Company. Professor Lau Kei May ("Prof. Lau"), an Independent Non-executive Director of the Company, has been appointed as a member of the Audit Committee with effect from 1 September 2022. Prof. Lau, aged 68, joined the Company as an Independent Non-executive Director in March 2021.

Prof. Lau is a Research Professor of the Department of Electronic Engineering at the Chinese University of Hong Kong. Prof. Lau received the B.S. and M.S. degrees in physics from the University of Minnesota, Minneapolis, and the PhD Degree in Electrical Engineering from Rice University, Houston, Texas. Before joining CUHK in August 2022, she had a brief stint in the electronics industry, and was a professor at the University of Massachusetts/Amherst for 18 years and the Hong Kong University of Science and Technology for 22 years until June 2022.

Prof. Lau is a Fellow of the Institute of Electrical and Electronics Engineers ("IEEE"), the Optical Society ("OSA") and the Hong Kong Academy of Engineering Sciences. She is also a recipient of the Institute of Engineering and Technology (IET) J J Thomson Medal for Electronics, OSA Nick Holonyak Jr, Award, IEEE Photonics Society Aron Kressel Award, and Hong Kong Croucher Senior Research Fellowship. She served as an editor of professional journals in her field.

Prof. Lau did not hold any directorships in any other listed public companies in the last three years.