Yip's Chemical Holdings Limited announces the following changes in directorate and composition of Board committees: Mr. Wong Yuk has tendered his resignation as an independent non-executive director of the Company with effect from 22 March 2024 as he would like to devote more time to focus on his other personal engagements. The Board announced that Ms. Yau Ching Man has been appointed as an independent non-executive director of the Company with effect from 22 March 2024. The biographical details of Ms. Yau Ching Man are set out below: Ms. Yau Ching Man, aged 40, joined the Group as an independent non- executive director of the Company since 22 March 2024.

Ms. Yau holds a Bachelor Degree in Computer Engineering from The University of Hong Kong. She is currently the Vice President (Administration) of Tao Heung Holdings Limited and is mainly responsible for human resources, information technology, corporate communications and administration functions. She is also currently an Elected Member (Restaurant Category) of The Quality Tourism Services Association (QTSA) Governing Council and the Board Member of Hong Kong Federation of Restaurants and Related Trades.

Before joining the Group as an independent non-executive director, she had also served as a member of the Senior Leadership Team and the Head of Operations of the Group, the General Manager of Best Lubricant Blending Limited, a wholly-owned subsidiary of the Group and Co-President of the Bauhinia Coatings Group from 2005 to 2018. She has over 10 years of extensive experience of corporate management in both PRC and Hong Kong. Change in composition of board committees: The Board further announces that with effect from 22 March 2024: Mr. Wong Yuk, an independent non-executive director, has resigned as a member of each of the Audit Committee, Remuneration Committee, Nomination Committee and the Chairman of Health, Safety and Environment Committee of the Company; Ms. Yau Ching Man, an independent non-executive director, has been appointed as a member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the Company; and Mr. Ip Kwan, an executive director and chief executive officer, has been appointed as the Chairman of Health, Safety and Environment Committee of the Company.