The board of directors of Starjoy Wellness and Travel Company Limited announced that Mr. Li Huiqiang ("Mr. Li") has tendered his resignation and will cease to act as the chairman of the Board, a non-executive Director and the chairman of the nomination committee of the Company (the "Nomination Committee") with effect from 17 May 2024 due to personal health issues. The Board further announces that Mr. Cheng Siu Fai ("Mr. Cheng") has tendered his resignation and will cease to act as an executive Director, a member of the remuneration committee of the Company (the "Remuneration Committee") and an authorised representative (the "Authorised Representative") under the Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") with effect from 17 May 2024 due to his other work commitments. Following Mr. Li's and Mr. Cheng's resignations, the Board announced the following changes of the members of the Board with effect from 17 May 2024: Dr. Wang Jiren ("Dr. Wang") has been appointed as the chairman of the Board, an executive Director, the president of the Group, the chairman of the Nomination Committee, a member of the Remuneration Committee and the Authorised Representative.

Dr. Wang is primarily responsible for coordinating the general management and operation of the Group; and Ms. Liang Jinrong ("Ms. Liang") has been appointed as an executive Director of the Group and is primarily responsible for the overall financial and accounting affairs and treasury management of the Group. The biographical details of each of Dr. Wang and Ms. Liang are as follows: Dr. Wang, aged 41, obtained a doctoral degree of Hotel and Tourism Management at Hong Kong Polytechnic University in 2024; a master's degree of Regional Economics at Jinan University in 2006; and a bachelor's degree in economics from Nankai University in 2004, majoring in international economics and trade. Dr. Wang possesses extensive experience in business operations and company management.

Since March 2019, Dr. Wang served as the vice president of the Group and is in charge of the operation and management of the Group's property management services and commercial operational services in the People's Republic of China (the "PRC"). Also, Dr. Wang is currently a director, supervisor, legal representative and general manager of certain subsidiaries of the Company. Ms. Liang, aged 49, graduated with a bachelor's degree in accounting from Henan Polytechnic University in 2007.

Ms. Liang has over 28 years of experience in audit and financial management and is a registered accountant (non-practising) of Guangdong Provincial Institute of Certified Public Accountants of the PRC. Ms. Liang was qualified as a senior corporate compliance officer from the China Enterprise Evaluation Association in 2023 and passed the national examination for intermediate accounting in 2005. Since October 2023, Ms. Liang served as the vice president of the Group.

From December 2007 to October 2023, Ms. Liang held various positions in Aoyuan Corporation (Group) Ltd. From August 1995 to December 2004, Ms. Liang served as the deputy director of the accounting and finance department in the sub-branch of the Agricultural Bank of China in Shanyang District of Jiaozuo City in Henan Province, the PRC.