On June 11, Guolonghui reported that Mr. Li Guoliang had resigned from the position of chairman of the board of directors and executive director of MAYER HOLDINGS (01116.HK), which would take effect on June 12, 2024, in order to devote more time to his family and other matters. Therefore, he will no longer serve as one of the authorized representatives of the company's two authorized representatives on the same day; (2) the authorized representative of the company who accepts legal process or notices in Hong Kong in accordance with the Company Ordinance (Chapter 622 of the Laws of Hong Kong).

Dr. Ye Renjie will be appointed as executive director and chairman of the board of directors. The board of directors also announced that immediately after Mr. Li ceases to hold the aforementioned positions, Dr. Ye will be appointed as the authorized representative, chairman of the nomination committee and member of the remuneration committee, which will take effect on June 12, 2024.