The board (the "Board") of directors (the "Directors" and each a "Director") of Soundwill Holdings Limited (the "Company", together with its subsidiaries, collectively the "Group") announced with deepest sorrow that Mr. Ng Chi Keung ("Mr. Ng"), an independent non-executive Director, a chairman of the audit committee (the "Audit Committee") and a member of the remuneration committee (the "Remuneration Committee") of the Company, passed away on 8 March 2023. Mr. Ng had served as independent non-executive Director since 2011 and made invaluable contributions to the corporate governance practices of the Group and the effective operation of the Board during his tenure of office. The Board would like to express its greater appreciation or the late Mr. Ng's valuable contributions to the Company and convey its sincere condolences to his family and friends.

Following the passing away of Mr. Ng, the Board comprises six Directors, including four executive Directors and two independent non-executive Directors. As such, the Company currently does not meet (i) the minimum number of independent non-executive directors required under Rule 3.10(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); and (ii) the minimum number of members in the Audit Committee required under Rule 3.21 of the Listing Rules and the terms of reference of the Audit Committee.