The board of directors of CMON Limited announced that with effect from 6 May 2020, Mr. Wong Yu Shan Eugene (Mr. Wong) has been appointed as an independent non-executive Director, the chairman of the audit committee, and a member of each of the remuneration committee and the nomination committee of the Board. Mr. Wong has over 25 years of experience in the accounting and financial industry. Mr. Wong is currently running his own investment advisory and private equity business in mainland China.

He is also the founding and managing partner of Unity & Strength (Hong Kong) Certified Public Accountants Ltd, where he has been responsible for providing accounting and advisory services since 2009. References are made to the announcement of the Company dated 26 March 2020, in relation to, among other things, delay in publication of the annual results for the year ended 31 December 2019 and the other two announcements of the company both dated 3 April 2020 in relation to the resignations of Mr. Seow Chow Loong Iain and Mr. Tan Lip-Keat as independent non-executive Directors with effect from 2 April 2020 and 3 April 2020, respectively.