Shin Hwa World Limited at its annual general meeting held on June 20, 2023, announced Dr. Yang Zhihui, retired as Director by rotation pursuant to the Bye-laws of the Company at the conclusion of the AGM and he also ceased to be the Chairman of the Board upon his retirement at the AGM. The Board has been taking steps to identify a suitable person to take up the role of the chairperson of the Board. The Company will make further announcement as and when appropriate.