Mr. Chui Man Lung, Everett: Mr. Chui, aged 58, is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants (formerly the Chartered Association of Certified Accountants). Mr. Chui is also a fellow member of the Institute of Chartered Accountants in England and Wales. Mr. Chui holds a Bachelor of Social Science degree in Business Economics and Accounting from the University of Southampton, United Kingdom.

Mr. Chui became a qualified professional accountant in 1990's when he worked in the audit department of a big-four audit firm in Hong Kong until his departure in 1993, during which period he took part in the auditing of listed companies and listing applicants and restructuring. Since 2008, Mr. Chui has been the founding partner of Cen-1 Partners Limited, a professional advisory firm providing services to listed and private companies. Mr. Chui also co-found WKI Group Limited in 2012, which mainly provides company secretarial and compliance support to listed companies in Hong Kong.

Mr. Chui served as an independent non-executive director of Cosmopolitan International Holdings Limited (a company listed on the Main Board of the Stock Exchange, stock code: 120) from 2002 to 2003, an independent non-executive director of Duoyuan Printing Inc. (a company listed on the New York Stock Exchange) from October 2010 to March 2013, an independent non-executive director of Mingyuan Medicare Development Company Limited (a company previously listed on the Main Board of the Stock Exchange with stock code: 233 but was delisted on 23 January 2020) from September 2015 to May 2016, an independent non-executive director of China Ocean Fishing Holdings Limited (now known as China Ocean Group Development Limited (a company listed on the GEM of the Stock Exchange, stock code: 8047) from May 2015 to May 2017, an independent non-executive director of New Sports Group Limited (now known as Glory Sun Land Group Limited) (a company listed on the Main Board of the Stock Exchange, stock code: 299) from September 2013 to January 2017, an independent non-executive director of Taung Gold International Limited (a company listed on the Main Board of the Stock Exchange, stock code: 621) from April 2010 to October 2017, an independent non-executive director of Million Stars Holdings Limited (a company listed on the GEM of the Stock Exchange, stock code: 8093) from February 2017 to January 2018, and an independent non-executive director of Up Energy Development Group Limited (a company previously listed on the Main Board of the Stock Exchange with stock code: 307 but was delisted on 5 January 2022) from June 2016 to August 2018. Mr. Chui is an independent non-executive director of Jianzhi Education Technology Group Company Limited, a company listed on the NASDAQ (stock code: JZ). There is no service contract but there is a written letter of appointment entered into between the Company and Mr. Chui regarding his appointment as a Director.

Mr. Chui has no fixed term of service and will hold office until the next annual general meeting of the Company, subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the articles of association of the Company. His remuneration is initially fixed at HK$15,000 per month, which will be reviewed by the Board from time to time with reference to his duties and responsibilities within the Company and the market benchmark. Save as disclosed above, as at the date of this announcement, Mr. Chui has not held any positions with the Company and other members of the Group; has not held any other directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; does not have any other major appointments and professional qualifications; does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company; and does not have any interests in the shares or underlying shares of the Company within the meaning of Part XV of the SFO.

Save as disclosed above, there is no other information required to be disclosed pursuant to any of the requirements under Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters in connection with the appointment of Mr. Chui as an independent non-executive Director that needs to be brought to the attention of the shareholders of the Company. Following the appointments of Ms. Wang, Mr. Choi and Mr. Chui as independent non-executive Directors and members of the respective committees, the Company has re-complied with the requirements under Rules 3.10(1), 3.10(2), 3.10A, 3.21, 3.25, 3.27A of the Listing Rules. The Company will continue to identify a suitable candidate to fill the vacancy of the Company Secretary with the view to re-complying with Rule 3.28 of the Listing Rules and will publish further announcement when the new appointment is confirmed.

The IBC now comprises of all four independent non-executive Directors, namely, Mr. Zeng, Ms. Wang, Mr. Choi and Mr. Chui. Mr. Choi was appointed as the chairman of the IBC. The IBC is currently in the process of identifying the Independent Adviser to conduct the independent Investigation on the Discrepancies.

Further announcement(s) will be made when the engagement of the Independent Adviser is determined.