The Board of C-Link Squared Limited announced that with effect from 27 March 2023, Mr. Lee has ceased to be an independent non-executive Director following the expiry of his term of office under the letter of appointment entered into between the Company and Mr. Lee. Pursuant to the Letter of Appointment, the term of office of Mr. Lee expired on 26 March 2023. Since the Letter of Appointment was not renewed as Mr. Lee would like to devote more time to his other personal commitments, Mr. Lee has ceased to be the independent non- executive Director with effect from 27 March 2023.

Immediately following the cessation, Mr. Lee has also ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 27 March 2023. Following the cessation of directorship of Mr. Lee, the Board has appointed Dr. Zeng, an existing independent non-executive Director, as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 27 March 2023.