The board of directors of Truly International Holdings Limited announced that Mr. Dai Chung Yun has been re-designated from an executive Director to a non- executive Director with effect from 28 August 2023 due to work allocation within the Group in order to devote more time to concentrate his works as the General Manager of Truly (Huizhou) Smart Display Limited, a non wholly-owned subsidiary of the Company in China. He also ceased to be a vice president and the Factory Chief Operating Officer of the Group on 28 August 2023. He remains as a director and vice chairman of Truly (Huizhou) Smart Display Limited.

The biographical details and other information of Mr. Dai are set out below: Mr. Dai Cheng Yun, age 49, was an executive Director of the Company from 8 November 2018 to 27 August 2023. Mr. Dai joined the Group in 2000 as a team head of technicians and was promoted to a senior management position during the period from 2006 to 2018. He graduated from the Hunan University of Commerce with a Bachelor of Marketing Degree.