The board of Affluent Partners Holdings Limited announced Mr. Chang Chunyu has been appointed as an independent non-executive Director, a member of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee of the Company with effect from 17 November 2022. Mr. Chang, aged 40, holds a PhD Degree of Polymer Chemistry and Physics and a Bachelor's Degree of Applied Chemistry from Wuchan University. He is a professor in College of Chemistry and Molecular Sciences at Wuhan University.

His research interests include polymer hydrogel, nanocellulose functional materials and high-strength orthopedic medical materials. The Company has signed an appointment letter with Mr. Chang in respect of his directorship. There is no specific length of service for Mr. Chang pursuant to his appointment letter and he will hold office until the next following annual general meeting of the Company and shall then be eligible for re-election.

Mr. Chang will also be subject to retirement by rotation and re-election pursuant to the Articles of Association of the Company. Following the appointment of Mr. Chang, the Board comprises three executive Directors and three independent non-executive Directors. As a result, the number of independent non- executive Directors meets with the requirements under Rules 3.10 and 3.10A of the Listing Rules.

Since Mr. Chang has been appointed as a member of the Audit Committee of the Company, the Company is in compliance with Rule 3.21 of the Listing Rules. Since Mr. Chang has been appointed as a member of the Remuneration Committee of the Company, the Company is in compliance with Rule 3.25 of the Listing Rules. Since Mr. Chang has been appointed as a member of the Nomination Committee of the Company, the Company is in compliance with Rule 3.27A of the Listing Rules.