The nomination committee of the C.banner International Holdings Limited has assessed this nomination and recommended Ms. Cheng Xuanxuan's appointment to the Board. The Board announced that Ms. Cheng has been appointed as a non-executive Director with effect from 18 March 2024. Ms. Cheng, aged 41, obtained a Master of Professional Accounting degree from Monash University, Australia in 2008.

She gained extensive experience in corporate management, finance and audit, strategic planning as well as financial management, advisory and planning from working in both Australia and China from 2008 to 2014. In 2014, Ms. Cheng established her own investment vehicle, engaging in various investment ventures since then. Her experience and knowledge made her a seasoned investor proficient in both identifying promising business opportunities and navigating the complexities of trading in equity and debt instruments.

Ms. Cheng will enter into an appointment letter with the Company for an initial term of three years commencing from 18 March 2024 subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the amended and restated bye-laws of the Company. Ms. Cheng will not be entitled to any Director's fee as a non-executive Director.