Vestate Group Holdings Limited announced that with effect from 17 December 2021, Ms. Li Qin ("Ms. Li") has been redesignated from an Independent non-executive Director to a Business Development Director of the Company, and as a result of the redesignation, she has resigned as member of the audit committee, remuneration committee, and nomination committee of the Company. The Board announced that with effect from 17 December 2021, Ms. Yang Yuxuan ("Ms. Yang") will be appointed as an independent non-executive director and a member of the audit committee, the remuneration committee and the nomination committee of the Board. Ms. Yang, aged 29, appointed as an Independent Non-executive Director and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Board with effect from 17 December 2021. She is currently serving as the general manager of responsible for overseeing the company's business operations. Ms. Yang has over 6 years of management experience.