The board of directors of Mainland Headwear Holdings Limited announced that with effect from 1 September 2023, Mr. Li Yinquan and Mr. Cheung Tei Sing Jamie will be appointed as Independent Non-executive Directors of the Company; and each of Mr. Leung Shu Yin, William and Mr. Liu Tieh Ching, Brandon, JP has tendered his resignation letter as an Independent Non-executive Directors of the Company. Mr. Li Yinquan will be appointed as an Independent Non-executive Director of the Company, the chairman and a member of Nomination Committee and a member of the Remuneration Committee and a member of the Audit Committee of the Board; and Mr. Cheung Tei Sing Jamie will be appointed as an Independent Non-executive Director of the Company, the chairman and a member of Audit Committee and a member of the Remuneration Committee and a member of the Nomination Committee of the Board. Mr. Li Yinquan ("Mr. Li"), aged 68, has been serving as independent non-executive director of Genertec Universal Medical Group Company Limited (formerly known as Universal Medical Financial and Technical Advisory Services Company Limited) since June 2015, Million Cities Holdings Limited since June 2018, Hong Kong Shanghai Alliance Holdings Limited since July 2018 and China Everbright Bank Company Limited since June 2020. Mr. Li served respectively as the General Manager of Financial Department, Chief Financial Officer, Vice President of China Merchants Group and CEO of China Merchants Capital Investment Co. Ltd. from 2000 to 2017. Mr. Li also served as an executive director of China Merchants Port Holdings Company Limited (formerly known as China Merchants Holdings (International) Company Limited)) from June 2001 to March 2015, a non-executive director of China Merchants Bank Co. Ltd. from April 2001 to June 2016, an executive director of China Merchants China Direct Investments Limited from July 2008 to April 2017, an independent non-executive director of Lizhi Inc. from January 2020 to June 2021 and Kimou Environmental Holdings Limited from July 2019 to December 2022. Mr. Li received his bachelor's degree in economics from Shaanxi Institute of Finance and Economics, master's degree in economics from Graduate School of the People's Bank of China and master's degree in banking and finance for development from Finafrica Institute in Milan, Italy. Mr. Cheung Tei Sing Jamie ("Mr. Cheung"), aged 52, is an executive director and the
Vice Chairman of Somerley Capital Holdings Limited ("SCHL"). Mr. Cheung has over 20 years' experience in corporate finance. Mr. Cheung obtained a Bachelor of Commerce degree from The University of New South Wales and obtained from the Australian Graduate School of Management the degree of Master of Business Administration. Mr. Cheung is a member of CPA Australia. Prior to joining SCHL, Mr. Cheung worked in the audit department of Deloitte Touche Tohmatsu as an accountant.