Crown International Corporation Limited announced that Mr. Chen Fang ("Mr. Chen") has resigned as an independent non-executive Director with effect from 26 April 2023 in order to devote more time to his personal commitments. Mr. Xiao Ganghua ("Mr. Xiao") has been appointed as an independent non-executive Director with effect from 26 April 2023. Mr. Xiao, aged 34, graduated from Jiangxi Business School in 2004.

Mr. Xiao has extensive experience in marketing and advertising planning. Mr. Xiao started his own business in 2014, and the business scope includes finance, advertising media, marketing, online e-commerce and other businesses. Mr. Chen has ceased to be each of the members of the remuneration, quality and nomination committee and the audit committee of the Company with effect from 26 April 2023.

Mr. Xiao has been appointed as each of the members of the remuneration, quality and nomination committee and the audit committee of the Company with effect from 26 April 2023.