Global Bio-chem Technology Group Company Limited announces that with effect from 28 September 2023, Mr. Ng Kwok Pong ("Mr. Ng") has resigned as an independent non-executive Director due to his wish to focus on other business commitments. The Board announced that Mr. Tan Chao ("Mr. Tan") has been appointed as an independent non-executive Director with effect from 28 September 2023. Mr. Tan, aged 66, graduated from the Open University of China in August 1986, majoring in financial management.

Mr. Tan is also a member of the Chinese Institute of Certified Public Accountants. Mr. Tan has over 42 years of accounting experience in various state-owned enterprises and private enterprises in China. Mr. Tan served as the director of the accounting department of Jilin Province Department of Finance from March 1987 to July 1994 and the financial director of from August 1994 to August 1998 respectively.

From September 1998 to August 2002, Mr. Tan served as the chairman of (Zhaoxian Qiushi Certified Public Accountants). He served as a partner of Da Hua Certified Public Accountants from September 2002 to December 2016. Afterwards, Mr. Tan had continued to serve as a senior consultant of Dahua CPA until September 2023.

As at the date of this announcement, Mr. Tan has retired. The Board further announces that following the resignation of Mr. Ng and the appointment of Mr. Tan as an independent non-executive Director as announced above, Mr. Ng has ceased to be, and Mr. Tan has been appointed as, a chairman of each of the audit committee of the Company, the remuneration committee of the Company, the corporate governance committee of the Company, and a member of the nomination committee of the Company, with effect from 28 September 2023.