The board (the "Board") of the directors (the "Directors") of Global Bio-chem Technology Group Company Limited (the "Company") announced that, with effect from 11 October 2022,
Mr. Zhang Zihua ("Mr. Zhang") has resigned as an executive Director, acting chairman of the Board, chairman of the nomination committee of the Company (the "Nomination Committee"),
a member of each of the remuneration committee of the Company (the "Remuneration Committee"), the corporate governance committee of the Company (the "CG Committee") and the executive committee of the Company (the "Executive Committee"), and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities
(the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") due to his intention to devote more time on his personal affairs. The Board announced that following the resignation of Mr. Zhang, Mr. Liu Shuhang, an executive Director, has been appointed as the authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 11 October 2022.