The board of directors of Tu Yi Holding Company Limited announced that, with effect from 8 May 2023, Mr. Zheng Cheng resigned as an independent non-executive Director and the member of the nomination committee of the
Company due to his intention to pursue other business opportunities. Mr. Zheng has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited in connection with his resignation.