The board of directors of China Vered Financial Holding Corporation Limited announced that with effect from 8 March 2024, Mr. Cheng Tai Sheung and Mr. Jin Mingming have been appointed as independent non-executive directors of the Company and as the member of Audit Committee, Remuneration Committee and Nomination Committee. Mr. Cheng, aged 47, obtained his Bachelor of Business Administration degree from the Chinese University of Hong Kong. He is also a Chartered Financial Analyst, a fellow member of the Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Accountants.

Mr. Cheng has been serving as managing director of the corporate finance department of Opus Capital Limited, a corporation licensed to carry out Type 6 regulated activities under the Securities and Futures Ordinance and managing director of Opus Securities Limited, a licensed corporation to carry out Type 1 regulated activities under the SFO since February 2023. Prior to that, he worked as managing director and head of investment banking at Ever-Long Securities Company Limited from 2019 to 2021. From 2014 to 2019, Mr. Cheng worked at RHB Capital Hong Kong Limited, with his last position held as managing director and head of investment banking.

Mr. Cheng possesses over 20 years of experience in the fields of auditing, finance, investment banking and capital markets. He has been a licensed person for Type 1 and Type 6 (advising on corporate finance) regulated activities under the SFO since 2005. Mr. Jin, aged 41, has more than 15 years of experience in the legal profession.

Mr. Jin has been working at Commerce & Finance Law Offices since September 2008 and has been serving as a partner of CF Law since 2014, specializing in capital markets, mergers and acquisitions and restructuring and private equity. He was recognized as an Up and Coming: Corporate/M&A (PRC Firms) lawyer in the Greater China region by Chamber and Partners in 2024. He was also named as a rising star in the category of Capital Markets: M&A and Restructuring in the PRC in the LEGALBAND Billboard in 2023.

Mr. Jin obtained his master's degree in law in July 2008 from the School of Law of the University of International Business and Economics. He has been a qualified PRC lawyer since 2010.