The board of directors of Kasen International Holdings Limited hereby announces that, Mr. Du Haibo has tendered his resignation as an independent non-executive Director, the chairman of the audit committee and the chairman of the nomination committee of the Company with effect from 18 December 2023, due to his desire to devote more time to pursue other personal commitments. The Board announced that, following the resignation of Mr. Du Haibo as an independent non-executive Director, the chairman of the Audit Committee and the chairman of the Nomination Committee, Mr. Chow Hiu Tung has been appointed as an independent non-executive Director, the chairman of the Audit Committee and the chairman of the Nomination Committee with effect from 18 December 2023. The biographical details of Mr. Chow Hiu Tung are set out below: Mr. CHOW Hiu Tung, aged 51, has over 25 years of experience in accounting and, internal control.

Mr. Chow Hiu Tung has been an independent non-executive director of Reach Energy Berhad, a company listed on the Kuala Lumpur Stock Exchange (KLSE stock code: 5256) since March 2023, and an independent non-executive director of Great Wall Terroir Holdings Limited, a company listed on the Stock Exchange since March 2021. Mr. Chow Hiu Tung had been an independent non-executive director of State Energy Group International Assets Holdings Limited, a company listed on the Stock Exchange from October 2018 to December 2021, an independent non-executive director of Future Bright Mining Holdings Limited, a company listed on the Stock Exchange, from December 2014 to September 2018, and an independent non-executive director of National United Resources Holdings Limited (formerly known as China Outdoor Media Group Limited), a company listed on the Stock Exchange, from October 2013 to March 2015. Mr. Chow Hiu Tung obtained his bachelor's degree in business administration in finance from The Hong Kong University of Science and Technology in November 1995 and obtained his master's degree in international business in December 2001 from The University of Sydney, Australia.

Mr. Chow Hiu Tung has been a member of the Hong Kong Institute of Certified Public Accountants since January 1999. Mr. Chow Hiu Tung has also been a member of the Association of Chartered Certified Accountants since April 2000 and was admitted as its fellow member in April 2005.