New Universe Environmental Group Limited announced as disclosed in the Circular, Dr. CHAN Yan Cheong has notified the Company that he would like to devote more time to his other engagements and has not offered himself for re-election at the Annual General Meeting held on May 18, 2023. As such, Dr. CHAN has retired as an independent non-executive Director with effect from the conclusion of the Annual General Meeting. With effect upon Dr. CHAN's retirement as an independent non-executive Director, Dr. CHAN ceased to be the Chairman of the Audit Committee and a member each of the Remuneration Committee and the Nomination Committee.

Dr. CHAN has confirmed to the Board that he has no disagreement with the Board and there are no matters in relation to his retirement that need to be brought to the attention of the Shareholders. The Board is also not aware of any such matters in relation to Dr. CHAN's retirement that need to be brought to the attention of the Shareholders. With effect upon Dr. CHAN's retirement as an independent non-executive Director, Mr. YANG Harry has been appointed by the Board as the Chairman of the Audit Committee.