Labixiaoxin Snacks Group Limited proposed the amendments to the Bye-laws for the purposes of, among others, (i) bringing the Bye-laws in line with amendments made to Listing Rules and applicable laws of the Bermuda; (ii) providing flexibility to the Company in relation to the conduct of general meetings; and (iii) making other consequential and housekeeping changes . The Board also proposes to adopt the new Bye- laws in substitution for, and to the exclusion of, the existing Bye-laws. The proposed adoption of the new Bye-laws shall be subject to the passing of a special resolution by the shareholders of the Company at the forthcoming annual general meeting of the Company to be held on 23 June 2022 (the "AGM").

Prior to the passing of the relevant special resolution at the AGM, the existing Bye-laws shall remain valid.