Leading Holdings Group Limited announces that Ms. Jin Xu ("Ms. Jin") has resigned as an independent non-executive Director, the chairman of the remuneration committee of the Company (the "Remuneration Committee"), and a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee") with effect from 17 November 2023 in order to devote more time to her other business commitments. The Board announced that Ms. Luo Ying ("Ms. Luo") has been appointed as an independent non-executive Director with effect from 17 November 2023. Ms. Luo Ying, aged 40, has over seven years of experience in investment and financial management.

From October 2014 to December 2015, she worked as a financial director in Sichuan Development Financial Consulting Co. Ltd., a financial consulting company where she was primarily responsible for the daily operation and financial management of such company. From January 2016 to August 2016, she worked as a senior investment manager in the industry investment department in Sichuan Development Holding Co.

Ltd. where she was primarily responsible for the investment and cooperation with other companies. From September 2016 to October 2017, she worked as a vice president of the financial department in Sinco Pharmaceuticals Holdings Limited a provider of marketing, promotion and channel management services in the PRC pharmaceutical industry, whose shares are listed on Main Board of the Stock Exchange (stock code: 6833), where she was primarily responsible for market value management, refinancing, project investigation and mergers and acquisitions, formation of merger and acquisitions funds, and daily management of investor relations of such company. From November 2017 to August 2020, she worked as a general manager assistant in Sichuan Zhichuan Culture Co., Ltd, a platform company of The General Association of Sichuan Entrepreneurs and a director of innovation center in The General Association of Sichuan Entrepreneurs, where she was primarily responsible for providing professional services in project investment, project management to global Sichuan entrepreneurs, as well as the daily operation and financial management of Sichuan Zhichuan Culture Co.

Ltd. Since September 2020, she has been a deputy director in Sichuan Sky Software Co. Ltd., a company providing software product and system operation and maintenance, where she was primarily responsible for the financial management and innovation business development of such company. Since June 2021, Ms. Luo has been serving as an independent non-executive director of Ling Yue Services Group Limited ("Lingyue Services"), whose shares are listed on Main Board of the Stock Exchange (stock code: 2165).

Lingyue Services is 30%-controlled company (as defined in the Listing Rules) of the ultimate controlling shareholders of the Company, namely Mr. Liu Yuhui, Mr. Liu Ce, Mr. Liu Haowei, Ms. Wang Tao, Ms. Long Yiqin and Ms. Hou Sanli. Ms. Luo obtained a diploma's degree in law from Nanjing University of Finance and Economics in the People's Republic of China ("PRC") in June 2006. She also obtained a master's degree in international business from the University of Sydney in Australia in August 2008.

Ms. Luo obtained the qualification of intermediate economist granted by the Ministry of Human Resources and Social Security of the PRC in November 2010. She also obtained the qualification of Board Secretaries of Listed Companies on the Shenzhen Stock Exchange granted by the Shenzhen Stock Exchange in July 2011. She also obtained the Securities Practice Qualification Certificate granted by Asset Management Association of China in November 2017.

The Board further announces that Ms. Luo has been appointed as chairman of the Remuneration Committee, and a member of each of the Audit Committee and the Nomination Committee with effect from 17 November 2023.