Global Dining Holdings Limited announced that, with effect from 16 December 2022, Mr. John Lim Boon Kiat has resigned as the chairman of the Board. Mr. Zhang, an executive Director, has been appointed as the chairman of the Board. The Board announced that, with effect immediately following the close of the Offer on 16 December 2022, Mr. Kwok Kin Kwong Gary has resigned as an independent non-executive Director. Appointment of Directors: The Board announced that, with effect from 16 December 2022, following the close of the Offer, each of Mr. Zhang, Ms. Shi Minyue and Mr. Sing Hob Ming has been appointed as an executive Director, and Mr. Zhao Shiwei has been appointed as an independent non-executive Director. The biographies of the new Directors are set out below: Mr. Zhang Yang: Mr. Zhang, aged 40, holds a master's degree in management science and engineering and a bachelor's degree in computer science and technology from Beijing University of Posts and Telecommunications. Mr. Zhang has more than 15 years of experience in managerial roles in new consumption (an integrated retail section with blending of online and offline commerce through digitization of the entire retail value chain), smart retail and communication technology in the PRC. Since 2015, Mr. Zhang has been engaged in smart beverage vending machine retail business. Mr. Zhang is the founder, chairman and general manager of Beijing Shuoyibuer Technology Company Limited, which is a smart retail beverage machines operator in the PRC. From 2007 to 2014, he worked as the head of terminal sales in China Mobile Communication Group Company Limited, and managed with more than 10,000 terminal stores and more than 30 million users. Since November 2021, Mr. Zhang has been serving as an executive Director of Kirin Group Holdings Limited, a company listed on GEM (stock code: 8109). Ms. Shi Minyue: Ms. Shi, aged 27, has abundant experience in retailing business and brand operation in the PRC market. In 2015, she founded Beijing Pom&Co Culture Communication Co. Ltd. Since 2020, Ms. Shi has been engaged as the vice president of Beijing Shuoyibuer Technology Company Limited. Ms. Shi was selected into the list of Forbes China 30 Under 30 in 2017. Mr. Sing Hob Ming: Mr. Sing, aged 43, holds a master's degree in economics from the Erasmus University Rotterdam. He is currently admitted to Tsinghua-INSEAD Executive MBA Programme. Mr. Sing has abundant experience in managing and operating a variety of businesses in the PRC, including catering, media, trading, technology, and etc. From April 2003 to July 2006, Mr. Sing was engaged as a sales director of Ritek Corporation. From August to November 2006, Mr. Sing was engaged as a senior sales manager of Neo-Neon Holdings Limited (stock code: 1868), a listed company on the Stock Exchange. Since 2007, Mr. Sing devoted himself into starting his own businesses in Hong Kong and the PRC. He established Sings Trading And Company Limited in Hong Kong in February
2007, which mainly engaged in cross-border trading business, and expanded his business into the PRC in August 2017 by establishing Sings (Shenzhen) Venture Co. Ltd. Since July 2011, Mr. Sing has been serving as the general manager of Stephen Gould Corporation to oversee its business in the PRC and
South East Asia. Mr. Zhao Shiwei: Mr. Zhao, aged 38, holds a bachelor's degree in business administration from Taiyuan University of Technology. Mr. Zhao has more than 13 years of experience in sales and marketing and management. From October 2011 to April 2016, Mr. Zhao was engaged as the manager of procurement department in Zhongshan Shenzhong Property Development Co. Ltd. From February 2017 to October 2020, Mr. Zhao was engaged as the marketing director in Shenzhen Hongji Real Estate Co. Ltd. (formerly known as Shenzhen Dongxu Hongji Real Estate Co. Ltd. Since 2020, Mr. Zhao has been serving as a marketing manager of Wukuang Tegang (Dongguan) Co. Ltd. (VIII) CHANGE IN COMPOSITION OF BOARD COMMITTEES: The Board further announced that, with effect from 16 December 2022, following the close of the Offer, each of the audit committee, remuneration committee and nomination committee of the Board has been reconstituted as follows: Audit Committee: Mr. Kwok has resigned as a member of the Audit Committee; and Mr. Zhao has been appointed as a member of the Audit Committee. Remuneration Committee: Mr. Kwok has resigned as the chairman of the Remuneration Committee; and Mr. Zhao has been appointed as the chairman of the Remuneration Committee, and each of Mr. Zhang and Ms. Shi has been appointed as a member of the Remuneration Committee. Nomination Committee: Mr. John Lim Boon Kiat has resigned as the chairman of the Nomination Committee but remains as a member of the Nomination Committee; and Mr. Zhang has been appointed as the chairman of the Nomination Committee, and Mr. Zhao has been appointed as a member of the Nomination Committee. CHANGE OF COMPLIANCE OFFICER: The Board further announced that, with effect from 16 December 2022, following the close of the Offer: (i) Mr. John Lim Boon Kiat ceased to act as (a) the compliance officer of the Company. Mr. Zhang has been appointed as the compliance officer of the Company.