The board of directors of Steed Oriental (Holdings) Company Limited announced that with effect from 26 January 2024, Ms. Sun Xue Song (Ms. Sun) has
resigned as an executive Director of the Company due to her other work arrangement and Mr. Li Yue ("Mr. Li") has been appointed as an executive Director of the Company. Mr. Li, aged 53, completed a two-year professional course in Accounting at the Hebei University of Economics and Business (formerly known as Hebei Finance and Economics School in June 1992. He obtained his bachelor's degree in law from Hebei University in July 2003. In January 2012, Mr. Li obtained a master's degree in economics from Hebei University. From June 1992, he worked for Bank of Communications Hebei Branch and left as the president of the Central Sub-branch of Bank of Communications Hebei Branch in July 2002. From July 2002 to February
2006, he worked as a vice president of China Everbright Bank Shijiazhuang Branch. From February 2006 to September 2010, he served as a chief executive of Hebei Nongjin Investment Guarantee Company Limited From September 2010 to May 2013, he served as a vice president of Bank of East Asia Shijiazhuang Branch. Since May 2013, he works as a chief executive officer of Hebei Jieming Investments Company Limited. Mr. Li also holds the directorship in Access Well Limited, Lead Access International Holdings Limited, Global Sino Rich Limited, Leading Effort Group Limited and Ace View International Limited, which are wholly-owned subsidiaries of the Company. Mr. Li is also the uncle of Ms. Sun. Ms. Sun has resigned as the chairman of the Company and Mr. Li has been appointed as the chairman of the Company with effect from 26 January 2024. Ms. Sun has resigned as an authorized representative of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM and Mr. Li has been appointed as an authorized
representative of the Company with effect from 26 January 2024. Ms. Sun has resigned as the compliance officer of the Company and Mr. Li has been appointed as the compliance officer of the Company with effect from 26 January 2024.