The board of directors of the Wenye Group Holdings Limited announced that the following independent non-executive director of the Company have resigned from the office of directors: Mr. Gao Rongshun has resigned as independent non-executive Director of the Company with effect from 20 July 2023 due to personal health reason. Mr. Gao also resigned as member of the Audit Committee; and Mr. Yi Xiaopei has resigned as independent non-executive Director of the Company with effect from 7 August 2023 as he wishes to dedicate more time and attention to his other commitments. He has also resigned as the chairman of the Remuneration Committee and as a member of the Audit Committee and the Nomination Committee of the Company.

Each of Mr. Gao and Mr. Yi has confirmed that they have no disagreement with the Board and that there are no other matters in relation to their respective resignations that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Following resignations of Mr. Gao and Mr. Yi, the Board and the respective Committees will not comply with the aforementioned Listing Rules requirements. The Company will make its best endeavors to identify suitable candidates to fill the independent non-executive Director roles within three months pursuant to Rule 3.11 of the Listing Rules and to comply with the relevant Listing Rules requirements.