Gaush Meditech Ltd. Board announced that Mr. Zhang Jianjun (Mr. Zhang) has resigned as the president (the President) of the Company with effect from January 10, 2023, due to his age. Upon the resignation, Mr. Zhang will remain as an executive Director. In view of Mr. Zhang's efforts and valuable contributions to the Company during his tenure of office as the President, he has been appointed as the honorary president (the Honorary President) of the Company with effect from January 10, 2023.

As the Honorary President, Mr. Zhang will assist Mr. Gao Tieta, the chairman of the Board, to share responsibility for coordinating designated works regarding, among others, strategic clients, significant public affairs, cultural construction and personnel development. Mr. Zhang has confirmed that he has no disagreement with the Board and he is not aware of any matters in connection with his resignation of the President that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.