The board of directors of Champion Alliance International Holdings Limited announced that for age reason, Mr. Chen Shuming ("Mr. Chen"), who is now 59, tendered his resignation as an executive Director, the chairman of the Board, the chairman of nomination committee of the Board (the "Nomination Committee"), the member of the remuneration committee of the Board (the "Remuneration Committee"), and an authorized representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), with effect from 10 May 2024. The Board announced that Mr. Chen Chen, an executive Director, has been appointed as the Authorised Representative to fill the vacancy arising from the resignation of Mr. Chen with effect from 10 May 2024. The company announced that, with effect from 10 May 2024, Ms. Luo Yanhong (Ms. Luo) has been appointed as executive Director.

Ms. Luo Yanhong, aged 45, graduated from Jinan University majoring in fashion design in July 2002. She was employed as a reporter at (for transliteration purpose only, new century leader magazine) from July 2002 to November 2005, and was awarded the honor of the best reporter in the industry multiple times. Between December 2005 to December 2014, she served as an editor at (for transliteration purpose only, Qilu style editing center) and (for transliteration purpose only, Xinhuanet).

She then progressed to serving as the administrative director of (for transliteration purpose only, Shandong Taxi International Trade Company Limited). From July 2019 to present, she has worked as a sales manager at (for transliteration purpose only, Yongfang (Jinan) Hygiene Products Company Limited), a company engaged in manufacturing household paper and personal hygiene products in China. Upon Mr. Chen's resignation, Mr. Chen Chen, an executive Director of the Company, has been appointed as the chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 10 May 2024.