Mascotte Holdings Limited announced that, each of the current directors (unless otherwise agreed by the subscribers) shall resign as a Director with effect from the Subscription Completion (or where applicable, such earliest date as permitted by the Takeovers Code). The Subscribers have nominated the following candidates to be appointed as new Directors with effect from the Subscription Completion (or where applicable, such earliest date as permitted by the Takeovers Code): Mr. Peng Jianjun as an executive Director; Mr. Liu Yongzhuo as an executive Director; Mr. Huang Xiangui, Andrew as an executive Director; Mr. Zhuo Yueqiang as an executive Director; Mr. Chau Shing Yim, David, as an independent non-executive Director; Mr. Nie Zhixin as an independent non-executive Director; and Mr. Chen Haiquan as an independent non-executive Director. The Board will propose the appointment of Directors at the SGM.

The biographical details of the proposed Directors as required to be disclosed under the Listing Rules are provided by the Subscribers and set out below: Mr. Peng Jianjun, has over 20 years of experience in management of large enterprises. Mr. Peng has been serving Evergrande Real Estate Group Limited and its subsidiaries ("Evergrande Group") since 2007 and has served as a vice president of Evergrande Group and the general manager of the Evergrande hotel group and the chairman of the board of directors of the Evergrande grain and oil group. Mr. Liu Yongzhuo has over 13 years of experience in human resource management, investment and operation of real estate projects and management and operation of multi-industry companies.

Mr. Liu has been serving Evergrande Group since 2003 and has served as the chairman of the board of directors of Evergrande culture industry group and the Evergrande spring water group. He is now serving as a vice president of Evergrande Group and the chairman of the board of directors of Guangzhou Evergrande Taobao Football Club. Mr. Huang Xiangui, Andrew, has over 18 years of experience in marketing, human resource management and operation, management of foreign-funded enterprises, capital market and investors relation management.

Mr. Huang has been serving Evergrande Group since 2004 and now serves as an executive director of Evergrande Real Estate Group Limited, the assistant to president and the general manager of the Hong Kong office. Mr. Zhuo Yueqiang, has over 9 years of experience in management in the mobile internet business. Mr. Zhuo has been serving Tencent since 2004 and has served as the manager of South China area of the mobile internet group and the general manager of the business operations department of the mobile internet group of Tencent.

Since 2015, Mr. Zhuo has been serving as the manager and the primary person in charge of the business co-operation department of the Weixin group of Tencent. Mr. Chau Shing Yim, David, has over 22 years of experience in initial public offerings, restructuring of PRC enterprises and cross-border and domestic takeovers. Mr. Chau is currently an independent non-executive director of Evergrande Real Estate Group Limited, Evergrande Health Industry Group Limited, Up Energy Development Group Limited, Lee & Man Paper Manufacturing Limited, Man Wah Holdings Limited, Richly Field China Development Limited, and Varitronix International Limited.

Mr. Chau was also an independent non-executive director of China Solar Energy Holdings Limited. Mr. Nie Zhixin, is the standing vice president of the Henan Chamber of Commerce in the Guangdong province, vice president of the Tianhe Road Chamber of Commerce in Guangzhou, vice president of the Chain-operations Management Association in Guangzhou and general manager of Gladith Fashion Co. Ltd. in Guangzhou.

Mr. Chen Haiquan, is a doctorate holder from the Chuo University, Japan, a professor at the Jinan University. He also serves as the representative of the Guangdong Institute of Asia-pacific E-commerce, dean of the Guangdong Research Institute of Modern Logistics, vice president and secretary-general of the Association of Logistics and Supply Chain in the Guangdong province and vice president of the Association of Business and Economics in the Guangdong province. Mr. Chen also serves as an independent director of Guangzhou Friendship Group Co.

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