MOG Holdings Limited announced the following changes with effect from 16 August 2022: Mr. Ng has tendered his resignation as an independent non-executive Director and also ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; and Mr. Yau has been appointed as an independent non-executive Director, the chairman of the Audit Committee, and a member of each of the Remuneration Committee and the Nomination Committee. The board of directors the Company also announced that Mr. Ng Chee Hoong has tendered his resignation as an independent non-executive Director and also ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee, with effect from 16 August 2022. Following the resignation of Mr. Ng, the Board also announces that Mr. Yau Tung Shing has been appointed as an independent non-executive Director.

Mr. Yau, aged 31, has extensive years' experience in corporate finance, mergers and acquisitions and fund-raising exercises in various ventures and projects with a deal portfolio covering private entities and publicly listed companies in Hong Kong and the People's Republic of Chine. He is also a licensed person registered under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) to carry out Type 6 (advising on corporate finance) regulated activity. Prior to joining the Group, Mr. Yau is (i) a licensed representative of RHB Capital Hong Kong Limited, a licensed corporation registered under the SFO to carry out Type 6 (advising on corporate finance) regulated activity, from April 2018 to December 2018; (ii) a licensed representative of Draco Capital Limited; (iii) a licensed representative of DL Securities (HK) Limited, a licensed corporation registered under the SFO to carry out Type 1 (dealing in securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities, from July 2020 to March 2021; and (iv) a responsible officer of DL Securities (HK from March 2021 to April 2022.

The Board further announced that with effect from 16 August 2022, the change of chairman and member of each of the audit committee of the Company; the remuneration committee of the Company; and the nomination committee of the Company are as follows: (i) Mr. Ng has ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; and (ii) Mr. Yau has been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee.