The board of directors of Artini Holdings Limited announced that Ms. Yu Zonglian has tendered her resignation as an executive Director and Mr. Tse Kin Lung has tendered his resignation as an executive Director and Chief Executive with effect from 29 November 2023 due to their intention to concentrate on other business commitments. The Board hereby announces that Mr. Lau Fai Lawrence has tendered his resignation as an independent non-executive Director, the chairman of audit committee (the "Audit Committee") and nomination committee of the Company (the "Nomination Committee") and member of the remuneration committee of the Company (the "Remuneration Committee") with effect from 29 November 2023 due to his intention to concentrate on other business commitments. The Board announced that Mr. Chen Shaojia will be appointed as an executive Director and Chief Executive of the Company with effect from 29 November 2023.

Mr. Chen Shaojia, aged 42, has over 20 years of experiences in enterprise management, strategy formulation and finance. Since June 2018, Mr. Chen Shaojia has been the executive director of Hengji Cultural Information Technology (Shenzhen) Co. Ltd. From August 2017 to September 2018, he was the deputy general manager and chief financial officer of Shenzhen Qiantai Energy Regeneration Technology Co.

Ltd. From January 2007 to December 2015, he had been the financial manager, chief financial officer, deputy general manager and directors in various subsidiaries of Veson Holdings Limited (formerly known as SCUD Group Limited), a company listed on the Stock Exchange (Stock Code: 1399), and his last position was a director of SCUD Power (Shenzhen) Co. Ltd. Mr. Chen Shaojia obtained a bachelor's degree in accounting from Fuzhou University and a master's degree in business administration from School of Business of Hong Kong Baptist University in December 2007 and November 2013, respectively. He was qualified as a Senior Accountant and a Senior Economist by Shenzhen City Senior Professional Title Evaluation Committee in Accounting Sector and Shenzhen City Secondary Senior Economist Title Evaluation Committee in July 2020 and April 2023, respectively.

He obtained the International Accountant Qualification Certificate issued by China Association of Chief Financial Officers in November 2017. Mr. Chen Shaojia obtained Senior International Finance Manager Certificate jointly issued by China Association of Chief Financial Officers and Association of International Accountants in August 2012, and Certified Senior Enterprise Risk Manager Certificate issued by Asia Association of Risk and Crisis Management in October 2012, respectively. Mr. Chen Shaojia has received numerous prestigious public honors and appointments.

He was awarded the Certificate for High-Level Professional in Shenzhen by the Human Resources and Social Security Bureau of Shenzhen Municipality in December 2015 and the Certificate of Outstanding Professionals List of the 2020 Guangdong-Hong Kong-Macao Greater Bay Area Enterprises Innovative Power List by the Federation of Shenzhen Industries in May 2021. He was appointed as a mediation specialist of the Jewellery Industry (Joint) Rights Defense Center by the Shenzhen Luohu Genuine Traceability Jewellery Technology Research Institute in November 2019 and was appointed as a mediator by the Luohu People's Mediation Committee of Jewellery Industry in June 2021. And he was awarded the Certificate of Recognized International Arbitrator by International Dispute Resolution and Risk Management Association in August 2020.

The Board further announces that, Mr. Yuen Wai Kin will be appointed as an independent non-executive Director with effect from 29 November 2023. Mr. Yuen will also be appointed as the chairman of the Audit Committee, member of the Remuneration Committee and the chairman of the Nomination Committee with effect from 29 November 2023. Mr. Yuen Wai Kin, aged 38, has over 13 years of experience in accounting, finance and corporate secretarial matters gained from international accounting firm and Hong Kong listed companies.

Since November 2022, Mr. Yuen has acted as the chief financial officer of DRJ Limited, a Hong Kong Trust or Company Service Provider licensed by Hong Kong Companies Registry and major subsidiary of Rogue Station Companies Inc. In addition, since October 2019, he has also acted as the sole director of RJK Professional Service Limited, a private limited company incorporated in Hong Kong, which provides training service in area of regulatory compliance and corporate governance practices. Prior to joining DRJ Limited, from March 2022 to May 2022, he served as Senior Finance Manager and Company Secretary of Domaine Power Holdings Limited. From March 2020 to December 2021, Mr. Yuen worked at Gemilang International Limited, a company listed on the Stock Exchange, and his last position was Group Financial Controller and Company Secretary.

The Board further announces that, Mr. Chen Long will be appointed an authorized representative of the Company under Rule 3.05 of the Listing Rules and an authorised representative for accepting service of process or notice in Hong Kong under Part 16 of the Companies Ordinance with effect from 29 November 2023.