The board of directors of China Maple Leaf Educational Systems Limited announced that on 29 February 2024, the Board has resolved to appoint Mr. Ming Sang Chow (Mr. Chow) as an independent non-executive Director and the chairman of the audit committee (Audit Committee) of the Board, with effect from 1 March 2024 to take up such roles as a result of the re-designation of Mr. Lau from an independent non-executive Director to an executive Director. Mr. Chow, aged 50, obtained his bachelor degree of Business Administration in Accounting from The Hong Kong University of Science and Technology in 1995. Mr. Chow is a fellow member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants and a Certified Internal Auditors.

Mr. Chow has over 27 years working experience in various industries in auditing, corporate governance and risk management advisory. He worked at Ernst & Young (China) Advisory Limited from January 2007 to September 2018 and he was the advisory partner of Ernst & Young (China) Advisory Limited since 2007 and was responsible for managing the Risk Advisory sub-service line's strategic growth and development in various regions of Mainland China since 2011. From 2014 to 2016, Mr. Chow became the Committee member of The Internal Controls General Standards Committee of The Ministry of Finance of the People's Republic of China, the only Hong Kong resident and Big Four partner being appointed as a committee member.

Mr. Chow was the general manager of the Risk and Control Department of (Tahoe Group) from September 2018 to June 2019, overseeing the company's risk management and corporate governance of all business sectors like residential, commercial, hotel, education, insurance, medical, estate management and ageing care. Since December 2023, Mr. Chow has been an independent director of Muyuan Foods Co. Ltd. Mr. Chow is currently the managing director of Beijing Xinshi Anye Management Consulting Co., Ltd, where he provides capital market related advisory services to companies mostly in Mainland China.

Mr. Chow has been an independent non-executive director in a number of Hong Kong listed companies, namely Teamway International Group Holdings Limited since 21 June 2019, China Modern Dairy Holdings Ltd. since 1 July 2021, Redco Healthy Living Company Limited since 14 March 2022, and China Rundong Auto Group Limited from 18 December 2020 to 31 August 2022. Reference is made to the announcement of the Company dated 16 January 2024 in connection with the change in directors and important executive functions. As disclosed in such announcement, with effect from 1 March 2024, Ms. Jingxia Zhang will resign as an executive Director and co-chief financial officer of the Company and Mr. King Pak Lau would be redesignated from an independent non-executive Director to an executive Director.

Ms. Jingxia Zhang will also resign from the position of authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 1 March 2024. Following her resignation, Mr. Lau will be appointed as one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules with effect from 1 March 2024.