The board of directors of Wine's Link International Holdings Limited announced that with effect from 1 March 2023, Mr. Wong Hin Wing ("Mr. Wong") has tendered his resignation as an independent non-executive Director, the chairman of each of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee") as well as a member of each of the nomination committee of the Company (the "Nomination Committee") the investment management committee of the Company (the "Investment Management Committee") as he would like to devote more time to his personal engagement. The Board further announces that with effect from 1 March 2023. Mr. Liu Kin Wai ("Mr. Liu") has been appointed as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee as well as a member of each of the Nomination Committee and the Investment Management Committee.

Mr. Liu Kin Wai, age 41, obtained his bachelor's degree in Accounting from City University of Hong Kong in November 2003 and completed China Environmental Industry Senior Manager Training Programme organised by Tsinghua University in December 2016. Mr. Liu has been a member of the Hong Kong Institute of Certified Public Accountants and a certified public accountant since 2008 and has more than 18 years of experience in assurance services and financial, capital management and company secretarial works. From 2004 to 2015, he worked in an international assurance firm with last position as a senior manager.

From May 2015 to September 2016, he had served as a senior manager of Beijing Enterprises Water Group Limited, he had served as the chief financial officer and company secretary of Shandong Hi-Speed New Energy Group Limited (formerly known as Beijing Enterprises Clean Energy Group Limited). Mr. Liu is currently the chief financial officer and the company secretary of Orient Victory Smart Urban Services Holding Limited and an independent non-executive director of Bright Future Technology Holdings Limited.