Hao Bai International (Cayman) Limited announces that Mr. Wong, Terence Kwong Lung ("Mr. Wong") has resigned as an executive Director of the Company, with effect from 19 July 2022 as he would like to spend more time to pursue other personal development. Mr. Wong has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the
Company.