Shenzhen Pagoda Industrial (Group) Corporation Limited announced that Mr. PAN Pan ("Mr. PAN") has resigned as a non-executive director of the Company, a member of each of the audit committee (the "Audit Committee") and the strategic committee (the "Strategic Committee") of the Board due to changes in his work arrangement with effect from April 12, 2024. Mr. PAN has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders (the "Shareholders") and creditors of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). In addition, according to the Company Law of the People's Republic of China and other relevant laws and regulations, the resignation of Mr. PAN will not cause the number of the Board members to be lower than the quorum, and will not affect the normal operation of the Board and the Company.