The board of directors of Nayuki Holdings Limited hereby announced that Mr. Wong Tak-wai (?Mr. Wong?) has resigned as a non-executive Director due to other work arrangements with effect from May 17, 2024. Mr. Wong has confirmed that he has no disagreement with the Board in any respect and there are no other matters in relation to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited (the ?Stock Exchange?) and shareholders of the Company. The Board also announced that Mr. Ma Yanjun (?Mr. Ma?) has been appointed as a non-executive Director with effect from May 17, 2024.

Mr. Ma Yanjun, aged 38, has over 15 years of experience in investment management field. Mr. Ma joined Pacific Alliance Group, an Asia Pacific-focused investment management firm, since July 2012, and currently acts as its managing director. Before joining Pacific Alliance Group, Mr. Ma successively worked for McKinsey & Company at its Frankfurt branch and Shanghai branch from August 2007 to June 2010, serving as its manager and business analysis consultant.

Mr. Ma obtained his bachelor's degree in communications engineering from Fudan University in June 2007 and the master's degree in business administration from Harvard University in June 2012.