Rykadan Capital Limited announced the following changes with effect from 15 August 2023: the resignation of Mr. Wong Hoi Ki as an independent non-executive Director, and a member of each of the audit committee, nomination committee and remuneration committee of the Company; the appointment of Mr. To King Yan, Adam as a member of the nomination committee of the Company; and the appointment of Ms. Khan Sabrina as an independent non-executive Director, and a member of each of the audit committee and remuneration committee of the Company. The Board also announces the following changes with effect from 30 September 2023: The resignation of Mr. Yip Chun Kwok as an executive Director, a Chief Operating Officer, an Authorised Representative under the Listing Rules, an Authorised Representative under the Companies Ordinance, and a Process Agent; and Ms. Khan, aged 42, has over 20 years of experience in finance and accounting. She currently serves as the Chief Financial Officer in a well-known appliances, electrical and electronic manufacturing company, Aurabeat Technology Limited, and as a financial consultant of Aptorum Group Limited, a clinical stage biopharmaceutical company listed on the NASDAQ.

Ms. Khan was also the Chief Financial Officer and company secretary of Aptorum Group Limited from October 2017 to October 2022. Ms. Khan had worked in various international audit firms and held senior finance and management positions in various listed companies and private companies in different industries. Ms. Khan graduated from the University of Hong Kong in 2003 with a Bachelor of Business Administration degree in Accounting and Finance.

She is a member of the Hong Kong Institute of Certified Public Accountant and was qualified as an Advanced China Certified Taxation Consultant in 2015. Following the resignation of Mr. Wong, he has also ceased to be a member of each of the audit committee, nomination committee and remuneration committee of the Company. To fill the vacancy arising from such resignation of Mr. Wong, Ms. Khan has been appointed as a member of each of the audit committee and remuneration committee of the Company, and Mr. To King Yan, Adam, an existing independent non-executive Director, has been appointed as a member of the nomination committee of the Company, all with effect from 15 August 2023.

Mr. Yip will cease to act as (i) an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules (an "Authorised Representative under the Listing Rules"); (ii) an authorized representative of the Company under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (an "Authorised Representative under the Companies Ordinance"); and (iii) an authorised person to accept service of process and notices on behalf of the Company in Hong Kong for the purpose of Rule 19.05(2) of the Listing Rules (a "Process Agent"), all with effect from 30 September 2023. Mr. Lui Man Kit, the company secretary of the Company, has been appointed as (i) an Authorised Representative under the Listing Rules; (ii) an Authorised Representative under the Companies Ordinance; and (iii) a Process Agent, all with effect from 30 September 2023.