The Board of Directors (the "Board") of Shanghai Turbo Enterprises Ltd. announced resignation of Mr. Poh Siew Beng as the Non-Executive Independent Director of the Company. Pursuant to the foregoing, Mr. Poh Siew Beng stepped down from his position as the Chairman of Audit Committee and a member of Nominating Committee and Remuneration Committee; (b) 15 May 2023 in respect of the resignation of Mr. Liu Ming as the Executive Director of the Company; and (c) 11 August 2023 in respect of the appointment of Mr. Gao Zhong as the Executive Director of the Company.