The board of directors of GSN Corporations Limited announced that Mr. Zhang Qing ("Mr. Zhang") has, due to his desire to devote more time to other business engagements, resigned as an executive Director, the compliance officer (the "Compliance Officer") of the Company. Subsequent to Mr. Zhang's resignation as the Compliance Officer, Mr. Gan Lin, an executive Director and the chief executive officer of the Company, has been appointed as the Compliance Officer with effect from close of business on 27 January 2022. Subsequent to Mr. Zhang's resignation as the Authorised Representative, Mr. Chan Wing Chung, the company secretary and the chief financial officer of the Company, has been appointed as the Authorised Representative with effect from close of business on 27 January 2022.

The Board further announced that Mr. Ng Wai Kee ("Mr. Ng") has tendered his resignation to the Company in respect of his position as an independent non-executive Director and the chairman of each of the audit committee, remuneration committee and nomination committee of the Board with effect from close of business on 27 January 2022. According to Mr. Ng's resignation letter, the reasons of Mr. Ng's resignation include: (1) his concern with the delay in preparation of financial statements and (2) there is late payment of directors' fees.