The board of directors of Kingkey Intelligence Culture Holdings Limited announced that with effect from 24 September 2023, Mr. Ma Fei has been appointed as a non-executive Director and a member of the audit committee of the Company and Mr. Ng Wai Hung has been appointed as a non-executive Director and a member of the remuneration committee of the Company. Mr. Ma, aged 40, obtained a bachelor?s degree in accounting from Xi?an Jiaotong University. Mr. Ma has more than 10 years of experience in accounting and finance.

Mr. Ma has been an executive director and joint company secretary of Coolpad Group Limited since October 2019. Mr. Ma is currently the group chief financial officer of Coolpad. From 2018 to 2019, Mr. Ma won the Shenzhen Innovation Talent Award for two consecutive years.

Mr. Ng, aged 59, is a practicing solicitor and a partner in Iu, Lai & Li, a Hong Kong firm of solicitors and notaries. Mr. Ng has extensive experience in the areas of securities law, corporate law and commercial law in Hong Kong and China trades and has been involved in initial public offerings of securities in Hong Kong as well as corporate restructuring, mergers and acquisitions and takeovers of listed companies in Hong Kong. Mr. Ng is currently a non-executive director of Coolpad since January 2018.

Mr. Ng is also an independent non-executive director of two companies listed on the Stock Exchange, namely Lajin Entertainment Network Group Limited (formerly known as China Star Cultural Media Group Limited), and Xinyi Electric Storage Holdings Limited (formerly known as Xinyi Automobile Glass Hong Kong Enterprises Limited) since March 2015 and June 2016 respectively. Mr. Ng was formerly an independent non-executive director of two companies listed on the Stock Exchange, namely 1957 & Co. (Hospitality) Limited from November 2017 to August 2022 and Winshine Science Company Limited from May 2019 to June 2023.

The Board announced that with effect from 24 September 2023, Mr. Shiu Shu Ming tendered his resignation as a non-executive Director, as he wishes to focus on his other business commitments. Simultaneously upon the resignation of Mr. Shiu, Mr. Shiu also ceased to be a member of each of the Audit Committee, Remuneration Committee and Nomination Committee. The Board announced that with effect from 24 September 2023, Mr. Chai Chung Wai has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Remuneration Committee and the Nomination Committee.

Simultaneously with the said appointments, on 24 September 2023, Mr. Chai has been elected chairman of each of the Audit Committee and the Remuneration Committee. Mr. Chai, aged 56, obtained a master degree in accounting from Jinan University, China and a master degree in business administration from the University of Manchester. Being a fellow of the Hong Kong Institute of Certified Public Accountants, a fellow of The Hong Kong Institute of Directors, a fellow member of the Association of Chartered Certified Accountants and a fellow of the Institute of Chartered Accountants in England and Wales, Mr. Chai has many years of experience in the accounting and financial field.

He is currently an independent non-executive director of two companies listed on the Stock Exchange, namely Sino-Life Group Limited and Shifang Holding Limited, and was formerly an independent non-executive director of Sino Energy International Holdings Group Limited. The Board also announced that with effect from 24 September 2023, Mr. Chen Jiajun, an executive Director, has been appointed as a member and elected chairman of the Nomination Committee; Mr. Chan Chiu Hung, Alex, an independent non-executive Director, has retired as both the chairman and a member of the Remuneration Committee, and retired as the chairman but remained as a member of each of the Audit Committee and the Nomination Committee; and Ms. Tang Po Lam Paulia, an independent non-executive Director, has retired as a member of each of the Audit Committee and Nomination Committee.