Addchance : APPOINTMENT OF EXECUTIVE DIRECTORS; AND APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS

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GTI HOLDINGS LIMITED

共 享 集 團 有 限 公 司

(a company incorporated in the Cayman Islands with limited liability)

(Stock Code: 3344)

APPOINTMENT OF EXECUTIVE DIRECTORS; AND

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS

The Board of Directors (the "Board") of GTI Holdings Limited (the "Company", together with its subsidiaries, collectively the "Group") is pleased to announce that:

1. Ms. Tsai Wan-yu ("Ms. Tsai") has been appointed as an executive director of the Company with effect from 7 February 2020;
2. Mr. Wong Ka Wai ("Mr. Wong Ka Wai") has been appointed as an executive director of the Company with effect from 7 February 2020;
3. Mr. Leung Wai Kei ("Mr. Leung") has been appointed as an independent non-executive director of the Company with effect from 7 February 2020; and
4. Mr. Wong Yiu Kui ("Mr. Wong Yiu Kui") has been appointed as an independent non-executive director of the Company with effect from 7 February 2020.

1. Appointment of executive directors
   The Board is pleased to announce that Ms. Tsai and Mr. Wong Ka Wai have been appointed by the Board as the executive directors of the Company ("Directors", each a "Director") with effect from 7 February 2020. Their biographical details are set out below.

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Ms. Tsai

Ms. Tsai, aged 45, has over 22 years of extensive experience and expertise in wealth and asset management, business operations, investment strategy and structured products solutions. She is currently a director of Hammer Capital Asset Management Limited. Prior to that, Ms. Tsai has worked in various financial institutions in Hong Kong and Taiwan, including KBC Financial Products Hong Kong Limited, Standard Chartered Bank, Allianz Dresdner Securities Investment Consulting Co., Ltd, and Asia Pacific Elite Wealth Management Institute Hong Kong. She has provided a diversified range of financial services to clients covering family offices, high net worth individuals, institutional investors and banks in Taiwan and China.

Ms. Tsai graduated from National Chiao Tung University, Taiwan with a degree in Executive Master of Business Administration, and Tamkang University, Taiwan with a degree in Bachelor of Science in Mathematical Statistics.

Pursuant to the service agreement with the Company, Ms. Tsai's appointment is for a term of 3 years commencing from 7 February 2020, unless terminated by not less than 1 month's notice by either party to the other office by rotation and re-election and other provisions according to the articles of association ("Articles") of the Company and the Rules ("Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Stock Exchange"). She is entitled to a basic salary of HK$20,000 per month and a discretionary bonus after each completed year of service to be determined by the remuneration committee of the Company ("Remuneration Committee"). The emolument was determined by the Board and the Remuneration Committee with reference to the prevailing market conditions, qualifications, duties and responsibilities of Ms. Tsai. Ms. Tsai will hold office until the next annual general meeting of the Company and will retire at that general meeting, and, being eligible, may offer herself for re-election pursuant to the Articles.

Save as disclosed above, as at the date of this announcement, Ms. Tsai does not (i) hold any other position with the Company or its subsidiaries; (ii) hold any other directorships in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; nor (iii) have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company (as defined in the Listing Rules).

As at the date of this announcement, Ms. Tsai did not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) ("SFO").

Save as disclosed above, as at the date of this announcement, there is no other information relating to Ms. Tsai's appointment which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders ("Shareholders") of the Company.

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Mr. Wong Ka Wai

Mr. Wong Ka Wai, aged 48, has extensive experience engaging in asset management, financial services and investments. He works in Hammer Capital Asset Management Limited and leads its investment management. Prior to that, Mr. Wong Ka Wai worked for various financial institutions including Lippo Securities Limited, where he was responsible for equity and derivative investments for both house and discretionary accounts and The Hong Kong Chinese Bank, where he was in charge of the investment department of a branch. Mr. Wong Ka Wai worked as a management trainee in New Zealand Insurance after graduation from university, and his role was to facilitate the company to achieve the first ISO9002 in Hong Kong.

Mr. Wong Ka Wai graduated from The Chinese University of Hong Kong with a bachelor degree, majoring in Chemistry and minoring in Economics.

Pursuant to the service agreement with the Company, Mr. Wong Ka Wai's appointment is for a term of 3 years commencing from 7 February 2020, unless terminated by not less than 1 month's notice by either party to the other and is subject to retirement from office by rotation and re-election and other provisions according to the Articles and the Listing Rules. He is entitled to a basic salary of HK$20,000 per month and a discretionary bonus after each completed year of service to be determined by the Remuneration Committee. The emolument was determined by the Board and the Remuneration Committee with reference to the prevailing market conditions, qualifications, duties and responsibilities of Mr. Wong Ka Wai. Mr. Wong Ka Wai will hold office until the next annual general meeting of the Company and will retire at that general meeting, and, being eligible, may offer himself for re-election pursuant to the Articles.

Save as disclosed above, as at the date of this announcement, Mr. Wong Ka Wai does not (i) hold any other position with the Company or its subsidiaries; (ii) hold any other directorships in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; nor (iii) have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Wong Ka Wai did not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, as at the date of this announcement, there is no other information relating to Mr. Wong Ka Wai's appointment which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the Shareholders.

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1. Appointment of independent non-executive Directors
   The Board is pleased to announce that Mr. Leung and Mr. Wong Yiu Kui have been appointed by the Board as the independent non-executive Directors with effect from 7 February 2020. Their biographical details are set out below.
   Mr. Leung
   Mr. Leung, aged 38, has extensive experience and expertise in financial services ranging from investment banking, derivatives trading, asset management and securities brokerage, and he has served in various financial institutions including Nomura International (Hong Kong) Limited, Lehman Brothers Asia Limited, Rabobank International and Calyon Corporate & Investment Bank. Mr. Leung is the founder and chief executive officer of China Securities Limited which provides securities brokerage services.
   Mr. Leung holds a degree in Bachelor of Business Administration (Finance & Information Systems) from The Hong Kong University of Science and Technology ("HKUST"), and he has been awarded Dean's List in HKUST. He has also passed Certified Financial Analyst Level 3.
   Pursuant to the service agreement with the Company, Mr. Leung's appointment is for a term of 3 years commencing from 7 February 2020, unless terminated by not less than 1 month's notice by either party to the other and is subject to retirement from office by rotation and re-election and other provisions according to the Articles and the Listing Rules. He is entitled to a basic salary of HK$10,000 per month and a discretionary bonus after each completed year of service to be determined by the Remuneration Committee. The emolument was determined by the Board and the Remuneration Committee with reference to the prevailing market conditions, qualifications, duties and responsibilities of Mr. Leung. Mr. Leung will hold office until the next annual general meeting of the Company and will retire at that general meeting, and, being eligible, may offer himself for re- election pursuant to the Articles.
   Save as disclosed above, as at the date of this announcement, Mr. Leung does not (i) hold any other position with the Company or its subsidiaries; (ii) hold any other directorships in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; nor (iii) have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company.
   As at the date of this announcement, Mr. Leung did not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the SFO.
   Save as disclosed above, as at the date of this announcement, there is no other information relating to Mr. Leung's appointment which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the Shareholders.

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Mr. Wong Yiu Kui

Mr. Wong Yiu Kui, aged 41, has been engaged in securities industry for over a decade with extensive knowledge and experience in securities industry and investment. Currently, he works in China Securities Limited and is responsible for monitoring credit risks, trading/dealing activities, new business initiatives of discretionary portfolio management and advisory services. He specialises in basic investigation and research on investment opportunities. He worked as investment manager in Lippo Securities Limited. He has extensive experience in leading a professional team to provide investment services to both local and mainland China clients.

Pursuant to the service agreement with the Company, Mr. Wong Yiu Kui's appointment is for a term of 3 years commencing from 7 February 2020, unless terminated by not less than 1 month's notice by either party to the other and is subject to retirement from office by rotation and re-election and other provisions according to the Articles and the Listing Rules. He is entitled to a basic salary of HK$10,000 per month and a discretionary bonus after each completed year of service to be determined by the Remuneration Committee. The emolument was determined by the Board and the Remuneration Committee with reference to the prevailing market conditions, qualifications, duties and responsibilities of Mr. Wong Yiu Kui. Mr. Wong Yiu Kui will hold office until the next annual general meeting of the Company and will retire at that general meeting, and, being eligible, may offer himself for re-election pursuant to the Articles.

Save as disclosed above, as at the date of this announcement, Mr. Wong Yiu Kui does not (i) hold any other position with the Company or its subsidiaries; (ii) hold any other directorships in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; nor (iii) have any relationship with any other Directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Wong Yiu Kui did not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, as at the date of this announcement, there is no other information relating to Mr. Wong Yiu Kui's appointment which is required to be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the Shareholders.

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The Board would like to take this opportunity to welcome Ms. Tsai, Mr. Wong Ka Wai, Mr. Leung and Mr. Wong Yiu Kui in joining the Company.

By Order of the Board

GTI Holdings Limited

Ng Kwok Hung Perry

Executive Director

Hong Kong, 7 February 2020

As at the date of this announcement, the Board comprises (i) Mr. Poon Sum (Chairman), Mr. Ng Kwok Hung Perry, Mr. Hao Xiangbin, Mr. Huang Bin, Ms. Tsai Wan-yu and Mr. Wong Ka Wai as executive Directors; (ii) Mr. Sui Fuxiang as non-executive Director; and (iii) Mr. Chan Shu Kin, Dr. Tse Kwok Sang, Mr. Chiu Wai Piu, Mr. Leung Wai Kei and Mr. Wong Yiu Kui as independent non-executive Directors.

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