The Board of Coolpoint Innonism Holding Limited announced that Mr. Lee Chi Wai has been appointed as an executive director of the Company with effect from 13 November 2023. Mr. Lee Chi Wai, aged 45, obtained a Bachelor of Business Administration degree in Information Technology Management from University of Iowa, United States, in 2003 and a Master of Science degree in Systems Engineering and Engineering Management from The Chinese University of
Hong Kong in 2007. Mr. Lee has more than 10 years of experience in the A.I. and Big data industry. He has served as a director and chief executive officer of Application Technology Company Limited since 2012. He is also a director of The Hong Kong Applied Science and Technology Research Institute from 2020; the chairman of the board of ASTRI FinTech Limited since 2021; a member of The Hong Kong Trade Development Council Innovation and Technology Advisory Committee since 2021; a member of The Innovation and Technology Fund Research Projects Assessment Panel
since 2023; and a member of The Laboratory for Artificial Intelligence in Design (AiDLab) Advisory Committee since 2023. Mr. Lee has also served in universities, industries and associations including a mentor of The Chinese University of Hong Kong - Centre for Entrepreneurship since 2023; a panelist and mentor of The Hong Kong Polytechnic University Postdoc Programme since 2022; a panelist and mentor of City University of Hong Kong: HK Tech 300 since 2022; the co-chairman of The Hong Kong Innovation and Technology Cooperation Association since 2023; the executive committee
member of The Hong Kong Startup Council under the Federation of Hong Kong Industries since 2021; the executive committee member of The Hong Kong Information Technology Industry Council under the Federation of Hong Kong Industries since 2021; a member of Technology for Future Think Tank since 2020; the president of Technology Incubation Network since 2019; a director of The Hong Kong Association for the Advancement of Science and Technology since 2019; and a mentor of The Hong Kong Science Park Incubation Programme since 2021. Mr. Lee is appointed as an executive director for an initial term of three years commencing from 13 November 2023, unless terminated by either party giving to the other not less than three
months' prior notice in writing or payment in lieu of notice. His appointment is subject to the retirement by rotation and re-election at annual general meeting in accordance with the Articles of Association of the Company. In accordance with the service agreement with Mr. Lee, he will not receive a salary or director's fee and is entitled to receive a discretionary performance bonus and share compensation by the Company as remuneration, if any, which will be subject to further approval of the Remuneration Committee and the Board.