Golden Century International Holdings Group Limited hereby announces that Mr. Yeung Chi Wai has tendered his resignation as an independent non-executive Director with effect from 22 March 2023 as he would like to devote more time to his other commitments. The Board also announces that with effect from 22 March 2023, Mr. Siu Kin Wai has been appointed as an independent non-executive Director. Biographical details of Mr. Siu are summarised as follows: Mr. Siu, aged 54, was appointed as an executive director of Beijing Properties (Holdings) Limited, whose shares are listed on the Main Board of the Stock Exchange, in July 2009 and the chief executive officer of Beijing Properties in July 2017.

Following the reform of the internal management structure of Beijing Properties, Mr. Siu's title was changed from the chief executive officer to the general manager of Beijing Properties in February 2023 without substantial alteration in duties and responsibilities. Mr. Siu graduated from the City University of Hong Kong with a Bachelor's degree in Accountancy and is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England and Wales. Mr. Siu has extensive experience in corporate management.

Mr. Siu is a director of Brilliant Bright Holdings Limited, which is a controlling shareholder of Beijing Properties. Mr. Siu is the non-executive director of CAQ Holdings Limited, whose shares are listed on the Australian Securities Exchange since April 2015, an executive director of Beijing Health (Holdings) Limited since May 2017, a director of MillenMin Ventures Inc., a company listed on the Toronto Stock Exchange since July 2017, an independent non-executive director of Orient Securities International Holdings Limited, whose shares are listed on the GEM of the Stock Exchange since September 2017, respectively. Mr. Siu served as an independent non-executive director of Agritrade Resources Limited during the period from 24 August 2010 to 9 June 2021.

Simultaneously upon the Resignation, Mr. Yeung will also cease to be a member of each of the nomination committee and the remuneration committee and the chairman of the audit committee of the Company. Also, following the appointment of Mr. Siu as an independent non-executive Director, Mr. Siu will be appointed as a member of each of the Nomination Committee and the Remuneration Committee and the chairman of the Audit Committee.