Medicskin Holdings Limited announced that Mr. Fu Frank Tsun Yin ("Mr. Fu") has been appointed as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the Board with effect from 14 February 2023. Mr. Fu Frank Tsun Yin, aged 68, obtained his bachelor's degree of Science in Civil Engineering from Union College, Schenectady, New York in 1978 and completed all course work required for a master degree of Science in Civil Engineering (Transportation) in Northwestern University in 1980. Mr. Fu is a member of The Hong Kong Institute of Facility Management and was a member of the International Facility Management Association.

He is also a member of the executive committee of Dashun Foundation, a non-profit-making charitable institution with a mission of promoting and contributing to the long-term interests and sustainable development of Hong Kong. Mr. Fu has over 23 years of experience in property and facility management and property development. He was an Office/Facility Manager of Motorola Asia Pacific Limited from 1997 to 2007.

He worked for Asia Television Limited as the Controller of Facility Management from 2008 to 2012. From 2012 to 2018, he was employed by Fine View Engineering Limited as a Senior Project Manager. As at the date of this announcement, Mr. Fu has not entered into nor proposes to enter into any service contracts with the Company which fall within the meaning of Rule 17.90 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") requiring the prior approval of shareholders of the Company at general meetings.

According to the service agreement dated 14 February 2023 between Mr. Fu and the Company, he shall hold office as an independent non-executive Director for the initial term of three years commencing from 14 February 2023. Mr. Fu is subject to reelection or retirement by rotation at the general meetings of the Company pursuant to the GEM Listing Rules and the provisions of the memorandum and articles of association of the Company in force from time to time. Mr. Fu shall receive a director's fee payable by the Company of HKD 180,000 per annum, subject to determination by the Board from time to time with reference to his duties and responsibilities and the Company's performance and profitability.

The remuneration payable to Mr. Fu was determined having regard to the current level of director's fee payable by the Company to its independent non-executive Directors as well as his duties and responsibilities. Following the appointment of Mr. Fu, (i) the Board comprises three independent non-executive Directors representing more than one-third of the members of the Board; (ii) the audit committee of the Board comprises 3 members who are independent non-executive Directors; and (iii) the remuneration committee and nomination committee of the Board each comprises a majority of independent non-executive Directors, the requirement under Rules 5.05, 5.28, 5.34 and 5.36A of the GEM Listing Rules have been fulfilled.