The board of directors of Memiontec Holdings Ltd. has reviewed and assessed the relevant professional and academic qualifications, working experience and suitability of Mr. Lee Quang Loong ("Mr Lee") and considered the recommendations of the Nominating Committee and the Audit Committee that Mr. Lee be appointed as the Chief Financial Officer of the Company ("CFO"). The Board is satisfied that Mr. Lee has the requisite experience and capabilities to assume the responsibilities of the CFO, and has approved the appointment of Mr. Lee as the CFO. Lee worked at CSC Holdings Limited from February 2010 to January 2021: - Chief Financial Officer and Company Secretary - Member of the Executive Committee (since April 2015) April 2007 to January 2010 - Deputy Financial Controller and Company Secretary December 2006 to March 2007 - Manager to the Chief Executive Officer's Office and Company Secretary. Appointment date is August 24, 2021.