China Smartpay Group Holdings Limited Board announced that each of Mr. Li Lianjun (Mr. Li), Mr. Yi Tao (Mr. Yi) and Mr. Yang Wensheng (Mr. Yang) has been appointed as a non-executive
Director with effect from 27 November 2023. Mr. Yi, aged 52, obtained a bachelor's degree in accounting, a master's degree in money and banking and a doctoral degree in accounting from the Southwestern University of Finance and Economics in the PRC in June 1993, December 1997 and March 2006, respectively. Mr. Yi has extensive experience in internet payment, e-commerce and electronic settlement. He is also an economist and a member of the Chinese Communist Party. Mr. Yi currently serves as the chairman of the board of directors of two associates of the Group, namely, China Union Loyalty Co. Ltd. (CULC) and China Union Loyalty E-Commerce Co. Ltd. (CULC E-commerce). For the period from March 2003 to May 2011, Mr. Yi served as the vice general manager of China UnionPay Merchant Services Co. Ltd., where he was also appointed as the general manager of each of CULC, Shanghai UnionPay Business Co. Ltd. and Xinjiang UnionPay Business Co. Ltd. He was subsequently appointed as the chairman of the board of directors of CULC and CULC E-commerce in June 2011. Mr. Yang, aged 22, obtained a degree in bachelor of science in project management for construction from the University College London in the United Kingdom in June 2022. Mr. Yang is currently a master student in economics at the Durham University in the United Kingdom. The Board hereby announced that each of Ms. Angela Tang Sok Wai (Ms. Tang), Dr. Lowe Chun Yip (Dr. Lowe) and Ms. Ting Cheuk Ki (Ms. Ting) has been appointed as an independent non-executive Director with effect from 27 November 2023. Ms. Tang, aged 50, obtained a degree of bachelor of arts (major in economics and Japanese Studies) from the National University of Singapore in July 1996 and completed the Association of Chartered Certified Accountants (ACCA) qualification in December 2000. She is also a fellow member of the ACCA since November 2012. She has accumulated extensive experiences in accounting and finance, corporate finance, private equity investment and merger and acquisition, mainly from public companies listed on the Singapore Exchange (SGX). Ms. Tang has been a financial controller of Hui Tian Network Technology Pte. Ltd., a company incorporated in Singapore providing management consulting services, since March 2016, where she is responsible for overseeing the company's operation from Singapore and working on pre and post merge and acquisition. Ms. Tang served as a financial controller of Corous360 Pte. Ltd., a subsidiary of DeClout Limited (currently known as Declout Pte. Limited) which was listed on the Catalist of the SGX and was subsequently delisted in April 2019) since October 2014 to December 2015. She served as a finance manager of Equation Corp. Limited (currently known as Disa Limited), a company listed on the Catalist of the SGX since April 2013 to February 2014 and a corporate finance manager of Ossia International Limited, acompany listed on SGX since February 2012 to December 2012. Ms. Tang was the group financial controller of Jiutian Chemical Group Limited, a company listed on SGX, from April 2008 to November 2011, respectively. Dr. Lowe, aged 42, obtained a degree of bachelor of art and master of philosophy from the Chinese University of Hong Kong in December 2004 and December 2009, respectively. After completing his master's degree, he furthered his studies at the Free University of Berlin in Germany, where he successfully earned his doctorate in philosophy in February 2014. Dr. Lowe has an extensive academic background and a wealth of teaching experience. Dr. Lowe is currently a scholar serving as a lecturer at the Chinese University of Hong Kong and the Hong Kong Baptist University International College. His professional courses encompass a wide range of areas, including political philosophy, ethics of public policy, world civilization relations and classic readings. Dr. Lowe also holds a position as a research associate at the Chinese University of Hong Kong, where his research expertise is primarily focused on moral and political philosophy, political economy and international relations. Dr. Lowe's academic research findings have been published in various international academic journals and presented at conferences. Ms. Ting, aged 33, obtained a higher diploma in fashion and clothing from the Hong Kong Polytechnic University in Hong Kong in October 2014. Ms. Ting has 9 years of experience in corporate accounting. Ms. Ting has been a senior account manager of Etake Credit Limited since February 2019 and a global project manager from 2015 to 2019 at Universal Smart Inc. Limited.