Grandshores Technology Group Limited announces that, with effect from 5 July 2024, Ms. Lu Xuwen ("Ms. Lu") has resigned as a non-executive Director due to her intention to devote more time on other business commitments. Ms. Lu has confirmed that she has no disagreement with the Board and there are no matters relating to her resignation that needs to be brought to the attention of the shareholders of the Company. The Board announces that, with effect from 5 July 2024, Mr. Yao Zeqian ("Mr. Yao") () has been appointed as a non-executive Director.

Mr. Yao, aged 23, holds a bachelor degree in economics from University of California, Santa Cruz. Mr. Yao is the son of Mr. Yao Yongjie, the chairman of the Board and an executive Director. Following Ms. Lu's resignation as a non-executive Director, with effect from 5 July 2024, Ms. Lu has ceased to be a member of each of the nomination committee of the Company (the "Nomination Committee") and the Remuneration Committee.

The Board announces that, with effect from 5 July 2024, Mr. Yao has been appointed as a member of each of the Nomination Committee and the Remuneration Committee.