The board of directors of Dynasty Fine Wines Group Limited announces that Mr. Wong Ching Chung ("Mr. Wong") and Mr. Robert Luc ("Mr. Robert") retired by rotation as non-executive directors in accordance with article 84 of the articles of association of the Company at the conclusion of its annual general meeting (the "AGM") held on 26 June 2024. Mr. Wong and Mr. Robert did not offer themselves for re-election due to their retirement. Mr. Wong also ceased to be a member of remuneration committee of the Company with effect from 26 June 2024.

Mr. Wong and Mr. Robert have confirmed that they have no disagreement with the Board and there is no matter that needs to be brought to the attention of the holders of securities of the Company.