Dalipal Holdings Limited board of directors of the Company announced that with effective from 24 August 2022: (1) the corporate governance committee of the Board has been renamed as the ESG Committee of the Board (ESG Committee), and the terms of reference of such committee has been amended toexpand the scope of duties to include the management of all matters relating to environmental, social and governance; and (2) the risk management committee of the Board has been combined into the audit committee of the Company, and the audit committee of the Company has been renamed as the Audit and Risk Management Committee of the Board (the Audit and Risk Management Committee). As a result, the terms of reference of the existing audit committee of the Board has been amended to expand the scope of duties to include the review and oversight of risk management of the Group. The members of the ESG Committee will remain comprising of Ms. Xu Wenhong, Mr. Guo Kaiqi and Mr. Wong Jovi Chi Wing.

Ms. Xu will remain as the chairlady of the ESG Committee. Each of Mr. Guo and Mr. Wong is an independent non-executive Director. The members of the Audit and Risk Management Committee will remain comprising of Mr. Wong Jovi Chi Wing, Mr. Guo Kaiqi and Mr. Cheng Haitao.

Mr. Wong will remain as thechairman of the Audit and Risk Management Committee. Each of the members of the Audit and Risk Management Committee is an independent non-executive Director.