The board of directors of Be Friends Holding Limited announced Mr. Cui Xiao Bo resigned as the (i) independent non-executive director; (ii) a member of the audit committee of the Company; (iii) a member of the remuneration committee of the Company; and (iv) a member of the nomination committee of the Company with effect from 1 December 2023 in order to devote more time in his other business commitments. Mr. Cui confirmed that (i) he has no disagreement with the Board, and (ii) there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board announced the appointment of Mr. Kong Hua Wei as the independent non-executive Director, a member of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 1 December 2023 (the Proposed Appointment).

Mr. Kong, aged 58, he obtained a bachelor's degree in physics from Peking University in 1987 and a master's degree in theoretical physics from Zhejiang University in 1990. Mr. Kong has over 20 years in the information and communications technology sectors and extensive experience in investment and company management. Mr. Kong has served as the senior vice president of Nano Labs Ltd. since March 2021.

Prior to this, Mr. Kong had served as the chief scientist at Shanghai Zhangjiang Science & Technology Venture Capital Co. from December 2010 to October 2016, a vice president and then the president of the Institute of Computing Technology of the Chinese Academy of Sciences, Shanghai Branch from July 2005 to April 2021, a partner of iStartup Venture Capital Co. from January 2017 to April 2021.