DreamEast Group Limited announced that Mr. Lau King Pak (‘Mr. Lau’), who retired from office upon the conclusion of the AGM, did not offer himself for re-election of director at the AGM as he wishes to devote more time to his other personal engagements and commitments. Furthermore, as disclosed in the Circular, Dr. Chen Guanglei (‘Dr. Chen’) retired from office by rotation at the AGM and did not offer himself for re-election of director at the AGM. The Board hereby announced that Mr. Lau retired as a non-executive director of the Company and Dr. Chen retired as an independent non-executive director of the Company at the conclusion of the AGM.

Both Mr. Lau and Dr. Chen have confirmed that they have no disagreement with the Board and that there are no matters in connection with their retirement that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board further announced that following the retirement of Mr. Lau and Dr. Chen as directors of the Company, Mr. Lau ceased to act as a member of the audit committee (‘Audit Committee ‘), remuneration committee (‘ Remuneration Committee ‘) and nomination committee of the Company (‘ Nomination Committee ‘) and Dr. Chen ceased to act as the chairman of the Audit Committee and Remuneration Committee and a member of the Nomination Committee, all with effect from 28 June 2023.