The Board of Asia Standard International Group Limited announced that with effect from 21 April 2023: Mr. Koon Bok Ming, Alan has resigned from his position as an independent non- executive Director, the chairman of the Audit Committee as well as a member of the Remuneration Committee; Mr. Ip Chi Wai has been appointed as an independent non-executive Director, the member of the Audit Committee and the Remuneration Committee; and Mr. Wong Chi Keung, an independent non-executive Director, has been appointed as the chairman of the Audit Committee. Mr. Ip, aged 55, graduated from The University of Hong Kong with a Degree of a Bachelor of Laws. He is a qualified solicitor in Hong Kong and has more than 25 years of experience in the legal profession.

Mr. Ip was an independent non-executive director and a member of the audit committee and the remuneration committee of Asia Standard Hotel Group Limited from 11 December 2003 to 21 April 2023. Mr. Ip is also an independent non-executive director and a member of the audit committee, the nomination committee and the remuneration committee of Dingyi Group Investment Limited and Wealthy Way Group Limited, all of which are listed on the Main Board of the Stock Exchange. Subsequent to the resignation of Mr. Koon, Mr. Wong Chi Keung, currently an independent non-executive Director as well as a member of the Audit Committee and the chairman of the Remuneration Committee, has been appointed as the chairman of the Audit Committee to fill the vacancy left by Mr. Koon with effect from 21 April 2023.