The board of directors of Basetrophy Group Holdings Limited announced that Mr. Tao Ming Lee Martin (Mr. Tao) resigned as an independent non-executive director of the Company with effect from 19 March 2024 due to his personal commitments on other businesses. The Board announced that Mr. Li Dewen (Mr. Li) has been appointed as an independent non-executive Director with effect from 19 March 2024. Mr. Li Dewen, aged 44, has over 10 years of experience in the wholesale industry.

Mr. Li is currently a manager in Guangzhou Huitian Trading Company Limited. The Company has entered into a service contract with Mr. Li for a term of 1 year with effect from 19 March 2024 (the "Service Contract"). Mr. Li will hold the office until the forthcoming annual general meeting of the Company and be eligible for re-election at that meeting pursuant to the articles of association of the Company.

The Board further announced the change of members of the board committees as follows with effect from 19 March 2024: Following his resignation as an independent non-executive Director, Mr. Tao also resigned as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Board; and Following his appointment as an independent non-executive Director, Mr. Li has also been appointed as a member of each of the Audit Committee, Remuneration Committee and Nomination Committee.