Chi Kan Holdings Limited announced that with effect from 1 February 2024, Mr. Shum Ngok Wa has been appointed as an independent non-executive Director and Mr. Jiang Jungan has resigned as an independent non-executive Director. The Board hereby announces that with effect from 1 February 2024: Audit Committee: Mr. Jiang Jungan has resigned as a member of the Audit Committee and Mr. Shum Ngok Wa has been appointed as a member of the Audit Committee. Remuneration Committee: Mr. Jiang Jungan has resigned as a member of the Remuneration Committee and Mr. Shum Ngok Wa has been appointed as a member of the Remuneration Committee.

Set out below are the biographical details of Mr. Shum Ngok Wa: Mr. Shum, aged 34, possesses extensive experience in the finance industry and profound expertise in corporate management. From September 2012 to February 2018, Mr. Shum worked in credit and risk control department of Kingston Securities Limited, where he was responsible for credit assessment and risk control matters. Subsequently, from July 2019 to February 2022, he worked at Premium Financial Limited, leaving with his last position as a director, overseeing the overall management and operation of the money lending business in Hong Kong.

Since August 2023, He has been a founder and director of a Software as a Service (SaaS) company in Hong Kong, delivering SaaS technology solutions for e-commerce businesses, principally in the Greater China Region. Mr. Shum has served as an executive director of Dowway Holdings Limited since December 2022. Additionally, Mr. Shum also previously held positions as a non-executive director of Leadway Technology Investment Group Limited (formerly known as HNA Technology Investments Holdings Limited) from August 2021 to July 2022 and as a non-executive director of Hang Pin Living Technology Company Limited (formerly known as Highlight China IoT International Limited) (Stock Code: 1682) from July 2016 to June 2017.

Mr. Shum obtained his bachelor degree of Business Administration (Honours) in Quantitative Finance and Risk Management from City University of Hong Kong in 2011. Mr. Shum is also a Certified Financial Risk Manager (FRM) of the Global Association of Risk Professionals.