The board (the "Board'') of directors of Dongyue Group Limited announces that (i) Mr. Fu Kwan ("Mr. Fu'') has resigned as an executive Director and an authorised representative of the Company (an "Authorised Representative'') pursuant to Rule 3.05 of the Rules (the ``Listing Rules'') Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ``Stock Exchange''); and (ii) Mr. Zhang Jian ("Mr. Zhang'') has resigned as an executive Director, both with effect from 27 March 2024, due to their intention to devote more time to professional and personal commitments. Subsequent to the resignation of Mr. Fu, Mr. Zhang Zhefeng, an executive Director, has been appointed as an Authorised Representative with effect from 27 March 2024. The Board announce that Ms. Chung Tak Lai (``Ms. Chung'') has been appointed as an executive Director with effect from 27 March 2024.

Ms. Chung Tak Lai aged 42, is the company secretary of the Company. She joined the Group in March 2015 and is primarily responsible for overseeing and managing regulatory compliance matters of the Company. Ms. Chung is a director of Hong Kong Tai Li International Trading Company Limited, a wholly-owned subsidiary of the Company.

Ms. Chung has over 20 years of work experience in accounting, corporate finance, compliance and strategic investment. Prior to joining the Group, Ms. Chung had worked in the audit division and financial advisory services (M&A Transactions) of Deloitte. Ms. Chung had also worked in the merger and acquisition team of Hong Kong Li & Fung Group, and the strategic investment team of Simsen International Corporate Limited (a company then listed on the Main Board of the Stock Exchange).

Ms. Chung holds a bachelor's degree in business administration, majoring in professional accountancy from the Chinese University of Hong Kong and a bachelor's degree in laws from the University of London. Ms. Chung is a fellow member of the Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Public Accountants. The Board announce that Mr. Zhang Zhefeng, an executive Director, has been appointed as a member of the corporate governance committee of the Board with effect from 27 March 2024.