The Board of Directors of Jacobio Pharmaceuticals Group Co., Ltd. has been informed that Mr. Yim Lok Kwan ("Mr. Yim") has tendered his resignation as (i) the joint company secretary of the Company; (ii) an authorised representative of the Company; and (iii) an authorised representative of the Company, with effect from August 24, 2022. Mr. Yim has confirmed that he has no disagreement with the Board and that there are no circumstances relating to his resignation which needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board further announces that Mr. Chung Ming Fai has been appointed as a Joint Company Secretary, the Authorised Representative and the Process Agent with effect from August 24, 2022.

Mr. Chung is a vice president of SWCS Corporate Services Group (Hong Kong) Limited and has over 17 years of experience in corporate secretary, mergers and acquisitions, financial reporting and auditing. Mr. Chung is currently a fellow of the Hong Kong Institute of Certified Public Accountants and a member of CPA Australia. He obtained his bachelor's degree in commerce from the Australian National University.

Ms. Xue was appointed as joint company secretary on August 20, 2020. Ms. Xue joined Beijing Jacobio in August 2019 and is currently serving as the senior finance director, where she is responsible for the day-to-day financial management. Prior to joining Group, from January 2010 to July 2019, Ms. Xue worked at an international accounting firm where she served as a senior audit manager prior to her resignation.

Ms. Xue obtained her bachelor's degree in international accounting in July 2010 from Capital University of Economics and Business in China. Ms. Xue is currently a member of the American Institute of Certified Public Accountants, a certified public accountant of the State Board of Accountancy of the Commonwealth of Virginia, a member and a fellow of the Association of Chartered Certified Accountants, a member of the Chartered Professional Accountants of British Columbia and a non-practising member of The Chinese Institute of Certified Public Accountants.