The board of directors of Fire Rock Holdings Limited announced that with effect from 30 May 2023, (i) Mr. Zhang Yan (``Mr. Zhang'') has tendered his resignation as a non-executive Director, the Chairman of the Board and the chairman of the nomination committee of the Company; (ii) Ms. Yang Kan (``Ms. Yang'') has tendered her resignation as a non-executive Director of the Company; (iii) Mr. Chan King Fai (``Mr. Chan'') has tendered his resignation as an independent non-executive Director, the chairman of the audit committee and a member of the remuneration committee of the Company; and (iv) Ms. Zhuang Renyan (``Ms. Zhuang'') has tendered her resignation as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the Company, as each of them would like to devote more time to his/her personal engagement. Each of Mr. Zhang, Ms. Yang, Mr. Chan and Ms. Zhuang will no longer hold any position in the Company and its subsidiaries. Following their resignations, the Company shall continue to use its best efforts to fulfill the resumption guidance.

Following their resignations, (i) Mr. Zhang has ceased to be the chairman of the nomination committee of the Company; (ii) Mr. Chan has ceased to be the chairman of the audit committee and a member of the remuneration committee of the Company; and (iii) Ms. Zhuang has ceased to be a member of each of the audit committee, remuneration committee and nomination committee of the Company. Mr. Tam Chik Ngai Ambrose has been appointed as the chairman of the audit committee and a member of the nomination committee of the Company with effect from 30 May 2023. Ms. Chow Woon San Shirley has been appointed as the chairman of the nomination committee and a member of the remuneration committee of the Company with effect from 30 May 2023.

Mr. Lok Tze Bong has been appointed as a member of each of the audit committee, remuneration committee and nomination committee of the Company with effect from 30 May 2023.