The board of directors of Dachan Food (Asia) Limited announced that with effect from 1 September 2022, Mr. Sun Teh Hong, will resign as the chief executive officer of the Company due to retirement. From the same day, Mr. James Chun-Hsien Wei (who is currently an executive Director and the Chairman of the Company) will assume an additional position of chief executive officer of the Company. Mr. James Chun-Hsien Wei, also known as Wei, Chun-hsien, aged 65, has been appointed as an executive Director of the Company, and the chairman of the board of Directors of the Company, a member and the chairman of the executive committee of the Company with effect from 1 March 2021.

Mr. Wei is an independent director of Taiwan Ta Ya Electric Wire & Cable Company Limited, a director of ShyaHsin Packaging Co. Ltd. and KSF Beverage Holding Co. Ltd., and a senior advisor of Blackstone Private Equity Group.

Mr. Wei served as the chief executive officer of the Tingyi (Cayman Islands) Holding Corp. ("Tingyi Holding") (which shares are listed on The Stock Exchange of Hong Kong Limited) from 2015 to 2020 and the chief executive officer of food business of Tingyi Holding from 2013 to 2014. Prior to joining Tingyi Holding, Mr. Wei was a senior advisor of CVC Capital Asia Pacific in 2012.

From 2009 to 2011, he was the executive board member and the president of the Asian region of Beiersdorf Aktiengesellschaft Group. From 2003 to 2009, he served as the senior vice president of Asia Pacific region of Avon Products Inc., where he was responsible for the operations in 10 markets, including Japan, Taiwan, Australia, the Philippines and India. Before that, Mr. Wei spent 19 years at Procter & Gamble, where he was promoted to vice president and general manager of Greater China region, overseeing the company's health and beauty care business in that region.

Mr. Wei holds a bachelor's degree in Electrical Engineering from National Taiwan University and a master's degree in Business Administration from the University of Chicago Booth School of Business in the United States.