China Hongguang Holdings Limited announced that the Board received a notification letter on 11 July 2024. Such notification letter was dated June 29, 2024 and issued by Mr. CHEN Biming ("Mr. CHEN"), which unilaterally informing the Company of his resignation due to personal reasons. The Board has unanimously resolved to accept Mr. Chen's resignation as an executive director of the Company, with effect from July 11, 2024.