Goldstream Investment Limited announced that Mr. Geng Tao ("Mr. Geng") has been appointed as an executive Director with effect from 13 September 2022. Mr. Geng, aged 40, is a managing director of Hony Capital Limited ("Hony Capital"). Mr. Geng has joined Hony Capital in April 2021 and joined the Group as an executive Director and the Chief Executive Officer with effect from 13 September 2022.

He is in charge of the corporate financing activities of Hony Capital. Mr. Geng holds a Master of Philosophy from University of Cambridge and a Bachelor Degree of Computer Science and Technology from Beihang University. Prior to joining Hony Capital, he had served at various financial institutions.

He has accumulated extensive practical experience in the financial industry. Mr. Geng has entered into a service agreement with the Company for an initial term of three years, commencing on 13 September 2022, and will continue thereafter for successive three-year terms, and such service agreement may be terminated by either party thereto giving to the other not less than one month's prior notice in writing. Mr. Geng is subject to retirement from office and re-election in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the articles of association of the Company.

Pursuant to the articles of association of the Company, Mr. Geng shall hold office only until the next general meeting of the Company and shall then be eligible for re-election. Mr. Geng will not receive any remuneration for serving as an executive Director and the Chief Executive Officer.