The board of directors of the CNC Holdings Limited announced that with effect from 29 February 2024, each of Mr. Chin Chi Ho Stanley (Mr. Chin) and Mr. Kwok Man To Paul (Mr. Kwok) has been appointed as an independent non-executive Director. Mr. CHIN Chi Ho Stanley, aged 41, has over 15 years of experience in the areas of audit, financial management, corporate governance and operations in capital markets. Mr. Chin has obtained a Master of Business Administration from the University of Hong Kong.

He was admitted as a Certified Public Accountant in 2009 and served as an audit specialist in PricewaterhouseCoopers and KPMG for 7 years. He has also been awarded the qualification of Financial Risk Manager in 2009 and Chartered Financial Analyst in 2010. Mr. Chin has extensive experience serving as senior management for different Hong Kong listed companies.

Mr. Chin is currently an independent non-executive director of each of Champion Alliance International Holdings Limited and Peking University Resources (Holdings) Company Limited, the shares of which are listed on the Main Board of the Stock Exchange. Mr. KWOK Man To Paul, aged 56, obtained a Bachelor of Science (Economics) from the University of London in the United Kingdom in 1994, and a Master of Applied Finance from the Macquarie University of Australia in 2000. Mr. Kwok is also a member of the Hong Kong Institute of Certified Public Accountants, a member of the Association of Chartered Certified Accountants and a fellow member of the Association of Chartered Certified Accountants.

Mr. Kwok possesses extensive knowledge and experience in accounting, financing, capital investment and management, operational risks and banking industries. From 1990 to 1995, Mr. Kwok started his career at PricewaterhouseCoopers to provide audit and assurance services with his last position as deputy manager. From 1995 to 2004, Mr. Kwok joined the Fortis Bank Group as a manager, with his last position as a financial controller responsible for corporate control and accounting services.

From 2004 to 2005, Mr. Kwok acted as a consultant to a company established in the People's Republic of China in respect of a listing project. From 2005 to 2007, Mr. Kwok was the head of Asia Finance Controls of The Royal Bank of Scotland. From 2008 to 2009, Mr. Kwok served as a vice president and financial controller of AIG Finance Limited, being a restricted licensed bank providing a full suite of retail banking products.

After the service at AIG Finance Limited, Mr. Kwok joined ING Real Estate Investment Management as a senior vice president and regional controller for two years. From 2011 to 2012, Mr. Kwok served as director of the Macquarie Bank, and was mainly responsible for, among others, financial accounting, management reporting and corporate governance. From 2012 to 2017, Mr. Kwok acted as the chief financial officer at the Hong Kong office of the Commonwealth Bank of Australia, being one of the banking group in Australia.

From 2017 to 2018, Mr. Kwok joined IP Global Group as a chief financial controller. From 2018 to 2019, Mr. Kwok was the head of the Assets, Liabilities and Capital Management Department of Chong Hing Bank, being locally incorporated bank previously listed on the Main Board of the Stock Exchange and subsequently acquired by the Yuexiu Group. After leaving Chong Hing Bank, Mr. Kwok was involved in establishing the Hong Kong office of the Qatar National Bank, and has thereafter acted as its chief financial officer and alternate chief executive.

The Board further announces that following the appointment of each of Mr. Chin and Mr. Kwok as an independent non-executive Director, the composition of the board committees has been changed as follows with effect from 29 February 2024: Dr. Li Yong Sheng, being an executive Director, has ceased to be a member of the nomination committee of the Company; Mr. Chin has been appointed as the chairman of the audit committee and the risk management committee of the Company, and a member of each of the Nomination Committee and the remuneration committee of the Company; and Mr. Kwok has been appointed as a member of each of the Audit Committee, the Risk Management Committee, the Nomination Committee and the Remuneration Committee.