The board of directors of AKM Industrial Company Limited announces that Mr. Zhang Guo Qi ("Mr. Zhang") has been appointed as an independent non-executive Director, the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the Company with effect from 21 December 2020. Mr. Zhang, aged 61, received his doctorate degree in aerospace engineering from the Delft University of Technology and is currently chair professor of Center for Micro/Nanoelectronics System Integration and Reliability at the Delft University of Technology. Mr. Zhang is a Fellow of the Institute of Electrical and Electronics Engineers (IEEE) since 2014. He is currently the Secretary General of the International Technology Roadmap of Wide Bandgap Semiconductors (ITRW), and also a Co-Chair of the Advisory Board of International Solid State Lighting Alliance (ISA) since 2010. Mr. Zhang is also honorary professor of the Institute of Semiconductors, Chinese Academy of Sciences. Mr. Zhang received the Outstanding Sustained Technical Contribution Award from the IEEE Electronics Packaging Society (formerly known as IEEE Components, Packaging, and Manufacturing Technology Society) in 2015, the Special Achievement Award for Electronic Packaging Technologies from the Electronic Manufacturing and Packaging Technology Society of Chinese Institute of Electronics (CIE- EMPT) in 2009, the Excellent Leadership Award in simulation and modeling of micro/nanoelectronics and systems from International Conference on Thermal, Mechanical and Multi-Physics Simulation and Experiments in Microelectronics and Microsystems (EuroSimE) in 2009, and Outstanding Contributions to Reliability Research Award from the European Center for Micro- and Nanoreliability in 2007. Mr. Zhang is appointed as an independent non-executive Director on 21 December 2020. Pursuant to his appointment confirmation dated 21 December 2020, Mr. Zhang is entitled to receive a fee of HKD 100,000 per annum which is determined with reference to his experience and estimated time to be spent, which may be reviewed upwards or downloads in January of each year. Mr. Zhang's appointment is for a term of 3 years commenced from 21 December 2020 and expiring on 20 December 2023 which term may be terminated by either Mr. Zhang or the Company serving at least three calendar months' prior notice in writing to the other party.