The board of directors of BabyTree Group announced that due to the resignation of Ms. SIU Wing Kit ("Ms. Siu"), she has ceased to act as a joint company secretary of the Company with effect from June 28, 2022. Ms. Siu has confirmed that she has no disagreement with the Board and there is no matter relating to her cessation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announces that Ms. PUN Ka Ying has been appointed as a Joint Company Secretary and the Process Agent with effect from June 28, 2022.

Ms. Ma, aged 30, was appointed as a Joint Company Secretary on December 10, 2020. She joined the Company as the senior assistant to the chief financial officer under the office of the Board since March 2020. She is primarily responsible for assisting the daily work of the chief financial officer and involved in the financial planning of the Company and market research required for Company's development.

In addition, Ms. Ma has also diligently involved in the routine compliance matters including organizing/attending Board meetings and general meetings as well as corporate governance matters of the Company. Prior to joining the Company, Ms. Ma served as an investment manager at Unity Ventures from September 2017 to September 2018 and a senior analyst at 36Kr (36) from January 2016 to September 2017. She has rich experience in capital market industry and company research and analysis and coordinating financing negotiations with investors.

Ms. Ma was an associate at PricewaterhouseCoopers Ltd. from September 2014 to January 2016. Ms. Ma obtained a Bachelor's degree of Business Administration in Accounting and Finance from The Hong Kong Polytechnic University in October 2014 and a Master's degree in Business Administration from the University of Oxford in November 2019. Ms. Pun possesses more than 14 years of experience in the company secretary profession.

She is familiar with the Listing Rules, the Companies Ordinance as well as compliance work for offshore companies. She is now a senior manager of Corporate Services of Tricor Services Limited and has been providing corporate secretarial and compliance services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Pun is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom.