The board of directors of China Tontine Wines Group Limited announced that, Mr. WANG Guangyuan (Mr. Wang), an executive Director, has informed the Board to step down as the chairman of the Board, one of the authorised representatives of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules Authorised Representatives") and a member of the nomination committee of the Board (the "Nomination Committee") with effect from 12 June 2024 due to his health condition. Pursuant to provision of the New Buy-Laws 132 adopted by the Company on 16 June 2023, Ms. WANG Lijun, an executive Director, was appointed by the Board to the office of the chairlady of the Board with effect from 12 June 2024. She was also appointed by the Board to act as one of the Listing Rules Authorised Representatives of the Company with effect from 12 June 2024. The Board further announces that Ms. WANG Lijun was appointed by the Board as a member of the Nomination Committee with effect from 12 June 2024. The Nomination Committee consists of two independent non-executive Directors, namely Mr. LAI Chi Keung, Albert (chairman of the Nomination Committee), Mr. YANG Qiang and one executive Director, namely Ms. WANG Lijun
with effect from 12 June 2024.