The board of directors of StarGlory Holdings Company Limited announced that: Ms. Huang Li (Ms. Huang) has resigned as an executive Director and the chairlady of the Board with effect from 1 June 2023; Ms. Huang will cease to be the chairlady of nomination committee of the Board, a member of remuneration committee of the Board and a member of the corporate governance committee of the Board with effect from 1 June 2023; Mr. Zhang Tao (Mr. Zhang) has been appointed as an executive Director and the chairman of the Board with effect from 1 June 2023; Mr. Zhang has been appointed as the chairman of nomination committee of the Board, a member of remuneration committee of the Board and a member of the corporate governance committee of the Board; and Ms. Huang has ceased to be an authorized representative ("Authorized Representative") of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange ("GEM Listing Rules") and compliance officer (Compliance Officer) under Rule 5.19 of the GEM Listing Rules and Mr. Zhang has been appointed as an Authorized Representative and Compliance Officer with effect from 1 June 2023. Mr. Zhang Tao aged 42, has over 10 years of experience in the management of companies in the information technology industry. Mr. Zhang obtained a bachelor degree with major in Media Studies from Massey University in New Zealand in May 2006.

Before joining the Company, Mr. Zhang was appointed as the chief information officer of Fast Key Holdings Limited, a wholly owned subsidiary of Shenzhen Mingwah Aohan High Technology Corporation Limited (Shenzhen Mingwah), whose principal business included (i) the trading of card application systems and the provision of application development services in the People's Republic of China and (ii) the trading of liquor products, the issued shares of which were previously listed on the GEM of the Stock Exchange but delisted in December 2021, from July 2016 to June 2017. Since July 2017, he also served as the chief information officer of Mingwah Aohan Investment Group Limited, another subsidiary of Shenzhen Mingwah. From April 2017 to May 2021, Mr. Zhang was an executive director of Shenzhen Mingwah.

Mr. Zhang was further appointed as the chairman of the board of directors of Shenzhen Mingwah in January 2018 and redesignated from executive director to non-executive director in May 2021. Mr. Zhang resigned as a non-executive director and chairman of the board of directors of Shenzhen Mingwah in October 2022 following its delisting from the Stock Exchange. According to Shenzhen Mingwah's announcement dated 29 November 2021, Mr. Zhang served as a member of the board of directors of Shenzhen Mingwah when its business operation and financial position were severely affected by the unprecedented COVID-19 pandemic from 2020 to 2021.

Shenzhen Mingwah was unable to identify potential business and investment opportunities to expand its sources of income during the COVID-19 pandemic. Following the resignation of Ms. Huang, she will cease to be the chairlady of nomination committee of the Board, a member of remuneration committee of the Board and a member of the corporate governance committee of the Board. Subsequent to the appointment of Mr. Zhang as an executive Director and the chairman of the Board, Mr. Zhang has been appointed as the chairman of nomination committee of the Board, a member of remuneration committee of the Board and a member of the corporate governance committee of the Board.