The board of directors of Asian Citrus Holdings Limited announced that Mr. Lai Zheng has tendered his resignation as an independent non-executive Director and a member of each of the nomination committee of the Company, the audit committee of the Company and the remuneration committee of the Company with effect from 31 October 2023 in order to pursue his other personal commitments. The Board also announced that Ms. Li Ziying has been appointed as an executive Director of the Company with effect from 1 November 2023. Ms. Li, aged 31, has over 7 years of working experience in the design, marketing and retailing industry mainly focused on the People's Republic of China market.

Ms. Li has ample experience in corporate planning and management. Ms. Li has entered into a letter of appointment with the Company pursuant to which she agreed to act as an executive Director and she will be subject to rotational retirement and re-election requirements at annual general meetings pursuant to the bye-laws of the Company. The emoluments of Ms. Li will be determined by the Remuneration Committee and the Board after taking into account the prevailing market situation and her duties and responsibilities within the Company.

The Board announced that upon the resignation of Mr. Lai as an independent non- executive Director becoming effective on 31 October 2023, Ms. Liu Jie will act as a member of the Nomination Committee, Audit Committee and Remuneration Committee with effect from 31 October 2023.