The board of directors of Shen You Holdings Limited announced that Mr. Wong Kwok Wai, Albert has ceased to act as one of the authorized representatives of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange with effect from 12 October 2021. Mr. Wong will continue to act as the chairman, chief executive officer and executive Director of the Company. The Board announced that Mr. Leung King Yue, Alex, an executive Director, has been appointed as the Authorized Representative under Rule 5.24 of the GEM Listing Rules with effect from 12 October 2021.