The board of directors (the "Board") of Great World Company Holdings Ltd. (the "Company", together with its subsidiaries, the "Group") announced that it has approved the establishment of a Strategy and Development Committee (the "Strategy and Development Committee") with effect from 10 November 2023 in order to further improve corporate governance and enhance the efficiency and quality of the Board's decision-making. The purpose and main responsibilities of the Strategy and Development Committee are to study and make recommendations to the Board on the Company's medium- and long-term development strategies, major business plans and investment decisions, conduct research on sustainability issues, etc., and make recommendations and report to the Board of Directors. The Strategy and Development Committee consists of a chairperson and two members.

Mr. Bao Jiangsheng ("Mr. Bao") was appointed as the chairman of the Strategy and Development Committee, and Mr. Wang Kai ("Mr. Wang") and Mr. Cheng Yongling ("Mr. Cheng") were appointed as members of the Strategy and Development Committee with effect from 10 November 2023. Mr. Bao, aged 45, founded Hubei Yizai Information Network Technology Co. Ltd. and served as the chairman of the board of directors, and founded Jiangsu Wanhuhou Commercial Management Co.

Ltd. and served as the chairman. He has well extensive experience in business operation and investment management, is familiar with marketing, and has keen market insight. Mr. Wang, aged 29, has more than 7 years of operational experience in the big health service industry, and is familiar with big data marketing, channel development and investment training.

Mr. Cheng, aged 60, has more than 30 years of experience in the pharmaceutical, biotechnology and other industries, and is familiar with the government's industrial investment tender and business model building.