Ch innovation (01217.HK) announced that it noted the announcement issued by Easy Life (00223.HK) yesterday (4th), titled 'Minority Shareholders Request Calling Extraordinary General Meeting for Dismissal and Appointment of Directors', mentioning that Easy Life received a notice on October 25th this year claiming to be from a shareholder of the company, requesting a motion to dismiss all current directors of the company, as well as a motion to appoint two executive directors and three independent non-executive directors.

Claiming that Easy Life's shareholders intend to dismiss a director, including one executive director and one non-executive director appointed by ch innovation. ch innovation emphasized that claiming dismissal will trigger the new share subscription agreement signed on September 15th this year. If the two directors are dismissed, it will severely affect ch innovation's rights as an investor in Easy Life, completely depriving it of its original intention to invest in Easy Life, and the rights to monitor and assist its operation after the subscription is completed.

ch innovation pointed out that the dismissal incident seriously violates the original understanding and agreement reached by both parties during the negotiation and formulation of the subscription agreement terms. The default result will bring double harm to the public interests of shareholders on both sides. Easy Life, all its directors, and all its shareholders are kindly requested to consider this matter carefully.