The board of directors of Nine Dragon Paper (Holdings) Limited announced the following changes in its directorships and the composition of board committees of the Company:- The Board announced the resignation of Ms. Tam Wai Chu, Maria as an independent non-executive director of the Company with effect from 31 March 2023. Ms. Tam has been an independent non-executive director of the Company since 2006. Ms. Tam has decided to resign as an independent non-executive director of the Company, the chairlady of remuneration committee and a member of the audit committee, corporate governance committee and nomination committee of the Company with effect from 31 March 2023 in order to devote more time on her personal affairs.

Following the resignation of Ms. Tam, Ms. Chan Man Ki, Maggie, an independent non-executive director of the Company, has been appointed as the chairlady of remuneration committee and a member of each of the audit committee, corporate governance committee and nomination committee of the Company with effect from 31 March 2023.