China Supply Chain Holdings Limited announced that with effect from 1 July 2023. Ms. Wang Ying has resigned as an independent non-executive Director of the Company and has ceased to be member of each of the remuneration committee of the Company (the "Remuneration Committee"), the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee"). Mr. Liew Swee Yean has resigned as an independent non-executive Director of the Company and has ceased to be the chairman of the Audit Committee and member of each of the Remuneration Committee and the Nomination Committee.
In addition, the Board further announces that with effect from 1 July 2023: Mr. Wang Xiaojia ("Mr. Wang") has been appointed as an independent non-executive Director of the Company, the chairman of the Audit Committee and member of each of the Remuneration Committee and the Nomination Committee. Mr. Wang, aged 32, graduated from the Southwestern University of Finance and Economics in 2013. He is a member of The Chinese Institute of Certified Public Accountants. Mr. Wang is now acting as a tax manager in Shenzhen Talents Housing Group Co. Ltd. He has more than 9 years of experience in taxation and finance. Mr. Wang has entered into an appointment letter with the Company for a term of three years commencing from 1 July 2023, subject to rotation and re-election at annual general meetings of the Company in accordance with the Articles. The appointment of Mr. Wang can be terminated by either party by giving not less than one month's written notice in advance. Mr. Wang will be entitled to an annual director's fee of HKD 132,000.00, which is determined by arm's length negotiation between Mr. Wang and the Company with reference to his duties and responsibilities in the Company, and the prevailing market conditions. The amount of his remuneration package has been approved by the Board and the Remuneration Committee.
Now Mr. Li Zhining ("Mr. Li") has been appointed as an independent non-executive Director of the Company, member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Li, aged 28, graduated from Beijing City University in 2015. He has been a manager of Zhanjiang No.4 Construction Engineering Co. Ltd. since 2015. Mr. Li has professional knowledge and very experienced in the fields of building design, construction and building renovation. He also has team leadership experience. Mr. Li has entered into an appointment letter with the Company for a term of three years commencing from 1 July 2023, subject to rotation and re-election at annual general meetings of the Company in accordance with the Articles. The appointment of Mr. Li can be terminated by either party by giving not less than one month's written notice in advance. Mr. Li will be entitled to an annual director's fee of HKD 132,000.00, which is determined by arm's length negotiation between Mr. Li and the Company with reference to his duties and responsibilities in the Company, and the prevailing market conditions. The amount of his remuneration package has been approved by the Board and the Remuneration Committee. The Board also announces that with effect from 1 July 2023. Following the resignation of Mr. Liew and the appointment of Mr. Wang as an independent non-executive Director as mentioned above, Mr. Wang has been appointed as chairman of the Audit Committee, and member of each of the Remuneration Committee and the Nomination Committee. Subsequent to the resignation of Ms. Wang and the appointment of Mr. Li as an independent non-executive Director as mentioned above, Mr. Li has been appointed member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee.