The board of directors of Art Group Holdings Limited announced that Mr. Lin Ye ("Mr. Lin"), who was appointed as an independent non-executive director (the "INED") of the Company on 15 October 2013, has retired from the office effective from 15 October 2022 upon completion of the term of service of 9 years for the INED. Accordingly, Mr. Lin ceased to act as a member of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 15 October 2022. Mr. Lin has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company.