The board of directors of the Hilong Holding Limited announced that Dr. Fan Ren Da Anthony (Dr. Fan) has been appointed as a non-executive director of the Company with effect from 25 July 2022. Dr. Fan Ren Da Anthony, aged 62, has extensive experience in corporate finance, mergers and acquisitions, venture capital, company consolidation and restructuring. He is currently the chairman and managing director of AsiaLink Capital Limited.

Dr. Fan has been a director of Tenfu (Cayman) Holdings Company Limited, since August 2011 and is currently serving as an executive director of that company. Dr. Fan is also an independent non-executive director of CITIC Resources Holdings Limited Uni-President China Holdings Ltd., China Dili Group, Hong Kong Resources Holdings Company Limited, Shanghai Industrial Urban Development Group Limited, Technovator International Limited, China Development Bank International Investment Limited, Semiconductor Manufacturing International Corporation and Neo-Neon Holdings Limited, all of which are listed on the Main Board of the Stock Exchange. Dr. Fan ceased to be an independent non-executive director of Raymond Industrial Limited in May 2021.

Dr. Fan is the Founding President of The Hong Kong Independent Non-Executive Director Association. Dr. Fan holds a master's degree in Business Administration from the United States of America and a PhD in Economics. Dr. Fan has signed a letter of appointment with the Company for a term of three years which is terminable by either party giving one month's prior written notice, and he is subject to retirement by rotation and re-election at least once every three years at the annual general meeting of the Company in accordance with the provisions of the articles of association of the Company.