The board (of directors of China Aoyuan Group Limited announced that Mr. Wong Wai Keung Frederick has been appointed as an independent non-executive director, and a member of the audit committee, the nomination committee and the remuneration committee of the Company with effect from 24 February 2023. Mr. Wong, aged 67, has been a fellow of the Hong Kong Institute of Certified Public Accountants since June 1991 and a fellow of the Institute of Chartered Accountants in England and Wales since December 1993. He received a master's degree in electronic commerce from Edith Cowan University in Western Australia in February 2002.

Mr. Wong has over 40 years of experience in accounting, finance, audit, tax and corporate finance, and has worked at an international certified public accountant firm and listed companies in the United Kingdom, New Zealand, Hong Kong and Thailand. Mr. Wong has served as an independent non-executive director, the chairman of the audit committee and a member of the remuneration committee of Perfect Group International Holdings Limited, the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited since December 2015; an independent non-executive director, the chairman of the audit committee and the risk management committee, and a member of the remuneration committee and the nomination committee of Wah Sun Handbags International Holdings Limited, the shares of which are listed on the Main Board of the Stock Exchange since January 2018; and an executive director of CF Energy Corp., the shares of which are listed on the TSX Venture Exchange (stock code: CFY) since February 2019. In addition, from January 2001 to January 2011, Mr. Wong served as the chief financial officer, company secretary and authorised representative of China Infrastructure & Logistics Group Ltd., the shares of which are listed on the Main Board of the Stock Exchange and from April 2014 to May 2022, Mr. Wong served as an independent non-executive director, and a member of the audit committee, the remuneration committee and the nomination committee of China Infrastructure & Logistics.

From January 2011 to July 2016, Mr. Wong served as the chief financial officer of APAC Resources Limited, the shares of which are listed on the Main Board of the Stock Exchange; from April 2011 to December 2011 and from February 2013 to July 2016, Mr. Wong served as the company secretary and authorised representative of APAC Resources; and from August 2016 to October 2016, Mr. Wong served as the consultant to APAC Resources. From September 2017 to November 2017, Mr. Wong served as the chief financial officer, company secretary and authorised representative of Asia Investment Finance Group Limited (presently known as International Genius Company, the shares of which are listed on the Main Board of the Stock Exchange. From May 2020 to November 2020, Mr. Wong served as an independent non-executive director, the chairman of the audit committee, and a member of the nomination committee, the remuneration committee and the risk management committee of Da Sen Holdings Group Limited, the shares of which are listed on the Main Board of the Stock Exchange, and from November 2020 to January 2022, Mr. Wong was redesignated as an executive director and served as a member of the risk management committee of Da Sen.

From September 2020 to August 2021, Mr. Wong served as an independent non-executive director of Burwill Holdings Limited, the shares of which were previously listed on the Main Board of the Stock Exchange, and from November 2020 to August 2021, Mr. Wong also served as the chairman of the audit committee of Burwill. Following the appointment of Mr. Wong with effect from 24 February 2023, the Board comprises three independent non-executive directors, which will be in compliance with Rule 3.10(1) of the Listing Rules and the Audit Committee comprises three members, which will be in compliance with Rule 3.21 of the Listing Rules.