The board of directors of IBO Technology Company Limited announced that Mr. Gao Weilong (?Mr. Gao?) has resigned as an executive Director with effect from 17 November 2023 due to personal reason. Mr. Gao has confirmed that there is no disagreement with the Board and he is not aware of any matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in relation to his resignation. The Board announced that Mr. Li Yang (?Mr. Li?), the executive Director, has been appointed as a member of the remuneration committee of the Company (?Remuneration Committee?) with effect from 17 November 2023.