The board of directors of Ta Yang Group Holdings Limited announced that with effect from 3 January 2023, Mr. Zhou Danqing (Mr. Zhou) has resigned as company secretary of the Company (the Company Secretary), and has ceased to act as an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange) (the Listing Rules) and an authorized representative of the Company for accepting service of process or notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Companies Ordinance) (collectively, the Authorized Representative). Mr. Zhou has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board announced that Ms. Xu Jiayuan (Ms. Xu) has been appointed as the Company Secretary and Authorized Representative in replacement of Mr. Zhou with effect from 3 January 2023.

Ms. Xu, aged 32, has over 7 years of experience in the field of corporate governance. Ms. Xu obtained a degree of bachelor of management majoring in business administration (management accounting) at the Capital University of Economics and Business in June 2013. She further obtained a degree of master of science majoring in accountancy from the Hong Kong Polytechnic University in October 2014.

Ms. Xu is a member of the Hong Kong Institute of Certified Public Accountants and a Certified Internal Auditor conferred by the Institute of Internal Auditors. Ms. Xu has been the company secretary and authorised representative (under the Listing Rules and the Companies Ordinance) of Optima Automobile Group Holdings Limited, a company listed on the GEM of the Stock Exchange since September 2021.