Essex Bio-Technology Limited announced that, Mr. Mauffrey retired as an independent non-executive Director at the conclusion of the AGM. Upon his retirement, he ceased to be a member of the audit committee, remuneration committee, nomination committee and corporate governance committee of the Company with effect from the conclusion of the AGM. The Board is announce that, with effect from the conclusion of the AGM, Mr. Yan Man Sing Frankie ("Mr. Yan") has been appointed as an independent non-executive Director and a member of the audit committee, remuneration committee, nomination committee and corporate governance committee of the Company.

Mr. Yan Man Sing Frankie, aged 65, has over 30 years of experience in auditing, financial management, corporate governance and corporate financial advisory with ample experience in the listing of H shares and merger and acquisition transactions. He is currently a principal and a responsible officer of an investment banking corporation licensed by the Securities and Futures Commission, and one of the founders of a think-tank which regularly gives suggestions on local public policies and two medical devices research institutes in Hong Kong. He started his career in an international accounting firm for over 8 years including a secondment to its London office for 1.5 years.

Mr. Yan obtained a master's degree in finance and investment management from the University of Salford in the United Kingdom. He is a fellow member of the Hong Kong Institute of Certified Public Accountants.