China U-Ton Future Space Industrial Group Holdings Ltd. announced the following resignations will be effective from 21 April 2023: Dr. Yu Chin Pang ("Dr. Yu") has tendered his resignation as an executive Director due to his other business commitment which requires more of his dedication; Mr. Ma Yu-heng ("Mr. Ma") has tendered his resignation as an independent non- executive Director and the chairman of both the nomination committee (the "Nomination Committee") of the Company and audit committee (the "Audit Committee") of the Company and member of the remuneration committee (the "Remuneration Committee") of the Company due to his other business commitment which requires more of his dedication; Mr. Chan Justin Sano ("Mr. Chan") has tendered his resignation as an independent non-executive Director of the Company and the chairman of Remuneration Committee and members of both the Audit Committee and Nomination Committee of the Company due to his other business commitment which requires more of his dedication; and Ms. Wong Cheuk Wai, Helena ("Ms. Wong") has tendered her resignation as an
independent non-executive Director of the Company and members of each of the Audit Committee, the Remuneration Committee and the Nomination Committee due to her other business commitment which requires more of her dedication; Each of Dr. Yu, Mr. Ma, Mr. Chan and Ms. Wong (collectively, the "Departing Directors") has confirmed he/she has no disagreement with the Board and there is no other matter regarding his/her resignation that would need to be brought to the attention of the shareholders of the Company (the "Shareholders") and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").