The board of directors (the "Board") of Gemini Investments (Holdings) Limited announces that the term of office of appointment of Mr. ZHOU Yue ("Mr. ZHOU") as a non-executive director of the Company expired on 9 December 2023. As a result of the expiration of his current term, Mr. ZHOU also ceased to be a member of each of the audit committee and the investment committee of the Company from that date. As Mr. ZHOU needs to devote more time to other work arrangements, the Company and he have mutually agreed not to renew the appointment after the expiration of his current term.