Goodbaby International Holdings Limited at the annual general meeting held on 20 May 2024, Mr. Michael Nan QU (Mr. Qu) has retired as an executive Director with effect from the conclusion of the AGM due to personal reason and he will continue his role as Chairman of the American division of the Group, overseeing strategic planning and cultural development initiatives for American business and organization. Mr. Qu confirmed that he has no disagreement with the Board and there are no matters with respect to his retirement that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.