BabyTree Group (the Company, together with its subsidiaries, the Group) announced that, on 10 May 2023, Mr. De-chao Michael YU (Mr. Yu) has tendered his resignation as an independent non-executive Director and a member of each of the audit committee (the Audit Committee) of the Board, the remuneration committee (the Remuneration Committee) of the Board and the nomination committee (the Nomination Committee) of the Board with effect from 10 May 2023 due to his personal work arrangement. Mr. Yu has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the Shareholder(s)) and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board would like to express its sincere gratitude to Mr. Yu for his valuable contributions to the Company during his tenure of office.

appointment of independent non-executive director, The Board announced that Mr. HUANG Zhenwu (Mr. Huang) has been appointed as an independent non-executive Director with effect from 10 May 2023. Mr. Huang, aged 58, is currently a partner at Beijing Deheng Law Offices and a practicing lawyer in China, with extensive legal service experience in capital markets and corporate governance. He began his career as a lawyer in July 1993 and obtained the qualification of a securities lawyer award by the Ministry of Justice and the China Securities Regulatory Commission (the CSRC) in 1996.

Since July 2002, Mr. Huang has been practicing at Beijing Deheng Law Offices. Mr. Huang has served as an independent director of Jinneng Science & Technology Co. Ltd. (listed on the Shanghai Stock Exchange, stock code: 603113) since April 2021.

He also currently serves as an independent director of Ziel Home Furnishing Technology Co. Ltd. From October 2017 to February 2021, he served as a member of the 17th and 18th Issuance Appraisal Committee of the CSRC. He is also a practical guidance professor at the Law School of Renmin University of China.

Mr. Huang obtained his master's degree in civil and commercial law from Renmin University of China in June 1993. change in the composition of board committees In light of the foregoing, the Board also announces that (i) Mr. CHEN Bing (a non-executive Director) has been appointed as a member of the Audit Committee with effect from 10 May 2023; and (ii) Mr. Huang has been appointed as a member of the Remuneration Committee and the Nomination Committee with effect from 10 May 2023.