The board of directors of Mobile Internet (China) Holdings Limited announced that with effect from 10 February 2023: (i) Mr. Chen Hong Cai has stepped down from his position as the Chairman of the Board and chairman of Nomination Committee; (ii) Mr. Muk Hung Fei has been appointed as the Chairman of the Board and chairman of Nomination Committee; (iii) Mr. Lau Yiu Ting has been appointed as member of Remuneration Committee; (iv) Ms. Fang Wenhui has been appointed as chairman of Remuneration Committee and member of Audit Committee and Nomination Committee; and Mr. Chau Wing Nam has been appointed as member of Audit Committee. Mr. Chen has stepped down from his position as the chairman of Nomination Committee with effect from 10 February 2023; Mr. Muk has been appointed as the chairman of Nomination Committee with effect from 10 February 2023; Mr. Lau Yiu Ting has been appointed as member of Remuneration Committee of the company with effect from 10 February 2023; Ms. Fang Wenhui has been appointed as chairman of Remuneration Committee and member of Audit Committee and Nomination Committee of the company with effect from 10 February 2023; and Mr. Chau Wing Nam has been appointed as member of Audit Committee of the company with effect from 10 February 2023. The Board announces that as each of the resolutions for (i) removal of Mr. Wang Yun Fang as an executive Director; (ii) removal of Mr. Wu Aiguo as an executive Director; (iii) removal of Mr. Wang Chen Guang as an independent non-executive Director; (iv) removal of Mr. Cho Yu Kwan, Stephen as an independent non-executive Director has been duly passed as an ordinary resolution by the Shareholders at the EGM, each of Mr. Wang Yun Fang and Mr. Wu Aiguo has been removed as an executive Director and each of Mr. Wang Chen Guang and Mr. Cho Yu Kwan, Stephen has been removed as an independent non-executive Director, with effect upon passing the relevant resolutions.

The Board further announces that Mr. Lau Yiu Ting has been appointed by the Shareholders as an executive Director and each of Ms. Fang Wenhui and Mr. Chau Wing Nam has been appointed by the Shareholders at the EGM as an independent non-executive Director with effect upon passing of the relevant resolution(s). Mr. Lau Yiu Ting ("Mr. Lau"), aged 52, has years of experience in operation and financial management. He engaged in trading of securities, futures, commodities and Forex in bank, investment management company and securities company for over ten years.

He is currently a director of INAX Technology Limited, an information technology engineering company in Hong Kong, and responsible for overseeing human resources, financial and internal control function. Ms. Fang Wenhui ("Ms. Fang"), aged 33, obtained a degree of Bachelor of Business Administration in Applied Economics from Hong Kong Baptist University in 2012 and a degree of Master of Business Administration from City University of Hong Kong in 2013. Ms. Fang has extensive experience in project investment and financing, asset management and company operations, and has held senior management positions in private equity funds and corporate finance in several corporations in the Mainland China and Hong Kong.

For the period from 1 February 2018 to 31 October 2020, Ms. Fang worked as an executive director of QH Capital Group Limited. From 19 November 2020 to 11 July 2021, Ms. Fang was a managing director and responsible officer of i-Golden Data Capital Limited. Since 26 August 2021, Ms. Fang has been working as a responsible officer of Space Asset Management Limited, which is licensed for Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities.

Mr. Chau Wing Nam ("Mr. Chau"), aged 35, obtained a degree of Bachelor of Accounting & Accounting Technologies from Curtin University of Technology in 2012. He has been a member of Hong Kong Institute of Certified Public Accountants since May 2017. He has over ten years of experience in auditing, accounting and corporate management and is currently responsible for corporate finance, mergers and acquisitions matters, investors relations, corporate governance as well as compliance affairs.

From 10 July 2017 to 9 March 2018, Mr. Chau worked as an assistant manager of Changjiang Securities Holdings (HK) Limited and was responsible for handling IPO projects and financial advisory on mergers and acquisitions, takeovers and other capital raising activities. From 12 March 2018 to 4 November 2020, he worked in Kingsway Capital Limited with the last position as the assistant manager in corporate finance. Mr. Chau has been an independent non-executive director of K Group Holdings Limited, since 6 June 2022.