CLSA Premium Limited announced that Mr. Christopher Wesley Satterfield has tendered his resignation as the Company's independent non-executive Director, the chairman of the Company 's remuneration committee and the member of each of the Company's audit committee, corporate governance committee and nomination committee, due to other business engagements which require more of his dedication, with effect from 31 March 2023; and Mr. Ma Xufei has been appointed as the Company's independent non- executive Director, the chairman of the Company's remuneration committee and the member of each of the Company's audit committee, corporate governance committee and nomination committee with effect from 1 April 2023. Mr. Ma aged 51, is currently an associate dean (innovation and impact) and tenured full professor at the Department of Management, The Chinese University of Hong Kong ("CUHK"). He was the Terry Gou Chair Professor and a tenured full professor of the School of Economics and Management and Shenzhen International Graduate School at Tsinghua University (" Tsinghau ").

He was also a Cheung Kong Chair Professor granted by the Ministry of Education, China. He received a bachelor 's degree from Xi'an Jiaotong University (China), an MBA from the University of Saskatchewan (Canada), and a Ph.D. from the National University of Singapore. He was an assistant professor and then a tenured associate professor at CUHK, and a tenured full professor at City University of Hong Kong ("CityU").

He also served as the director of CUHK's Center for Entrepreneurship and CUHK's Center for International Business Studies, and the vice chair of the Department of Innovation, Entrepreneurship, and Strategy at Tsinghua SEM. He's taught strategy courses for EMBA programmes (in both English and Chinese) at Tsinghua, CityU, and CUHK.