The Board of Directors of Dah Sing Banking Group Limited announces the following changes in the composition of Board and Board Committees which will take effect from 2 January 2024: Ms. Nancy Chan will be appointed as an Independent Non-Executive Director and a member of the Audit Committee of DSBG with effect from 2 January 2024. Ms. Chan will also be appointed as an Independent Non-Executive Director and a member of the Audit Committee of Dah Sing Bank, Limited ("DSB"), a major operating subsidiary of the Company, with effect from 1 January 2024. Ms. Chan, aged 62, is currently an Independent Non-Executive Director of Dah Sing Bank (China) Limited ("DSB China"), a wholly owned subsidiary of DSB, and a member of the Audit Committee, the Connected Transactions Control Committee, the Risk Management Committee and the Strategy Committee, and the Chairman of the Nomination and Remuneration Committee of DSB China. She has over 38 years of experience in the financial industry and had assumed various senior positions in Bank of Communications Co. Limited, Hong Kong Branch ("BOCOM"). Ms. Chan joined BOCOM as a management trainee in July 1981. She was the Assistant General Manager of BOCOM from April 1992 to June 1998, primarily responsible for the formulation and implementation of the operation procedures for trade finance, loan administration and bancassurance business, and she also led the trade finance and loan operations centralization project. Ms. Chan was the Deputy General Manager of BOCOM from July 1998 to March 2021 responsible for overseeing the daily operation of trade finance, loan administration, remittance and retail banking business and the launch of private banking business. She was appointed as Alternate Chief Executive of BOCOM in August 2002. Ms. Chan was a Director of Bank of Communications Trustee Limited from September 1999 to October 2019 and was appointed as the Chairman in June 2006. She was the Vice Chairman, Director and Chief Executive of Bank of Communications (Hong Kong) Limited before her retirement in June 2021. Ms. Chan is an associate member of The Chartered Institute of Bankers, United Kingdom and The Hong Kong Institute of Bankers ("HKIB"). She is a Fellow of The Hong Kong Institute of Directors and a Certified Banker of HKIB. Ms. Chan holds a Master of Science degree in Information and Technology Management from the Chinese University of Hong Kong and a Master of Corporate Finance degree from the Hong Kong Polytechnic University. Mr. Alex Cheung will be appointed as an Independent Non-Executive Director of DSBG with effect from 2 January 2024. Mr. Cheung will also be appointed as an Independent Non-Executive Director and a member of the Risk Management and Compliance Committee of DSB, with effect from 1 January 2024. Mr. Cheung, aged 65, has over 40 years of corporate and commercial banking experience. Mr. Cheung worked with DBS Bank (Hong Kong) Limited ("DBS") from July 2009 to December 2022 where he served as Managing Director and Head of Institutional Banking Group in Hong Kong from June 2011 until his retirement in December 2022, responsible for growing DBS's franchise in the corporate and commercial banking businesses in Hong Kong. He was also the Alternate Chief Executive of DBS
from December 2012 to December 2022. Prior to joining DBS, he was the Regional General Manager, North East Asia and General Manager of Oversea-Chinese Banking Corporation Limited, Hong Kong Branch. Prior to such appointments, Mr. Cheung held senior positions in corporate commercial banking and risk management with major international banks including Citibank, Hong Kong, ABN AMRO Bank N.V., Hong Kong and Rabobank, Hong Kong Branch. Mr. Cheung has been appointed as an Independent Non-Executive Director of K. Wah International Holdings Limited and Yuexiu Property Company Limited (both are listed on The Stock Exchange of Hong Kong Limited) with effect from 1 April 2023 and 21 April 2023 respectively.