The board of directors of CWT International Limited announced that, with effect from 20 November 2023, Ms. Liu Yifei ("Ms. Liu") has been appointed as an independent non-executive director of the Company (the "Independent Non-executive Director"). Ms. Liu, aged 37, holds a bachelor's degree of science in economics and finance from The Hong Kong University of Science and Technology. Ms. Liu previously acted as the investment and financing vice-president and CEO special assistant of Flexiv Technology Ltd., and served the management and senior positions of Fosun Fashion Group (renamed as LANVIN Group), DJI Innovation Technology Limited and FIL Investment Management (Hong Kong) Limited.

Ms. Liu has extensive knowledge and working experience in the fields of investment, finance, debt restructuring and corporate operation management. An engagement letter was entered into between Ms. Liu and the Company for a term commencing from 20 November 2023 to 31 December 2025. With effect from 20 November 2023, the members of the Board and the membership of the five committees of the Board are as follows: Members of the Board: Executive Directors: Wang Kan (Chairman and Chief Executive Officer); Zhao Quan; Peng Biao; and Xu Xu.

Independent Non-executive Directors: Leung Shun Sang, Tony; Liem Chi Kit, Kevin; Lam Kin Fung, Jeffrey; and Liu Yifei. Wang Kan is the Chairman of Executive and Nomination Committee and Member of Remuneration committees. Peng Biao and Xu Xu are the Member of Executive Committee.

Leung Shun Sang, Tony is the Member of Audit, Independent Investigation, Nomination and Remuneration Committee. Liem Chi Kit, Kevin is the Chairman of Audit, Independent Investigation, Remuneration Committee and Member of Nomination Committee. Lam Kin Fung, Jeffrey is the Member of Audit, Independent Investigation, Nomination and Remuneration Committee.