The board of directors of On Real International Holdings Limited announced that Mr. Au Yeung Yiu Chung be appointed an executive director with effect from May 3, 2022. Set out below are the biographical information of Mr. Au Yeung: Mr. Au Yeung, aged 40, has extensive experience in corporate governance. Mr. Au Yeung holds a Master of Business Administration degree from the University of Wales, Newport and a Master of Corporate Governance degree from the Hong Kong Metropolitan University.

Save as disclosed above, Mr. Au Yeung does not hold any other positions with the Company or its subsidiaries. Mr. Au Yeung did not hold any directorships in other listed public companies in the past three years. Mr. Au Yeung does not have any relationship with any of the directors, senior management, substantial or controlling shareholders (as defined in the GEM Listing Rules) of the Company; and he does not have any interests in the shares or underlying shares of the Company which are required to be disclosed pursuant to Part XV of the SFO.

Mr. Au Yeung has entered into a letter of appointment with the Company. Pursuant to the letter of appointment, Mr. Au Yeung will be appointed for a term of two years commencing on 3 May 2022 and is subject to retirement by rotation and is eligible for re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. Mr. Au Yeung will hold office until the next following annual general meeting of the Company and will be eligible for re-election at such annual general meeting in accordance with the articles of association of the Company.

Mr. Au Yeung is entitled to receive a director's fee of HK$240,000 per annum which is determined with reference to his duties and responsibilities with the Company and the prevailing market condition based on the recommendation by the remuneration committee of the Company.