Leadway Technology Investment Group Limited announced that Mr. Lam Chi Wai has been appointed as a non-executive Director of the Company with effect from 9 February 2024. Mr. Lam has also been appointed as a member of the finance and investment committee of the Company on the same date. The biographical details of Mr. Lam are set out below: Mr. Lam, age 37, was awarded a bachelor's degree of business administration in accountancy by Lingnan University in 2008, and a master's degree of corporate governance by The Hong Kong Polytechnic University in 2017.

Mr. Lam has been a member of the HongKong Institute of Certified Public Accountants since 2012 and a chartered accountant of the Institute of Chartered Accountants in England and Wales since 2021. Mr. Lam is alsoa chartered secretary, a chartered governance professional and an associate member of both The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators). Mr. Lam has over 15 years of work experience mainly in accounting, auditing, treasury, financial control and corporate governance.

Mr. Lam had worked for two international accounting firms and as financial manager, deputy financial controller and assistant company secretary and director of corporate finance for several listed companies in Hong Kong. Mr. Lam is currently the company secretary of Geotech Holdings Ltd. (stock code: 1707), the shares of which are listed on the Main Board of the Stock Exchange. Mr. Lam entered into a letter of appointment with the Company for a term of two years.

Pursuant to the letter of appointment, Mr. Lam is not entitled to basic remuneration. The Company shall reimburse Mr. Lam for all reasonable out-of-pocket costs, fees and expenses properly incurred in the performance of the duties as a director. The Board also announced that Mr. Xing Yi ("Mr. Xing") has tendered his resignation as a non-executive Director with effect from 9 February 2024 due to his other business commitments.

Mr. Xing has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation which needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.