The board of directors of Nomad Technologies Holdings Limited announced that with effect from 20 May 2022: Dato' Eric Tan Chwee Kuang has resigned as an Executive Director and the chairman of the Board due to his other businesses and personal commitments; Lim Peng Chuan Terence has resigned as an Independent Non-executive Director due to his other businesses and personal commitments; Phua Cheng Sye Charles has resigned as an Independent Non-executive Director due to his other businesses and personal commitments; Yu Decai, an Executive Director, has been appointed as the Chairman; Hu Mingdai has been appointed as an Executive Director; Ng Der Sian has been appointed as an Independent Non-executive Director; and Zheng Li Ping has been appointed as an Independent Non-executive Director. Yu Decai is a director of Hong Kong Worldtone Riches Fund Management Limited and has been appointed as the chairman of board of supervisors of Shenzhen Sunrise New Energy Co. Ltd. From October 2011, Hu Mingdai has been appointed as a director of Shenzhen Worldtone Riches Fund Management Limited.

From June 2021, Hu has been further appointed general manager of Shenzhen Worldtone. From July 2021, Hu has been appointed as an authorised representative of Shenzhen Huitong Yingfu No. 1 Equity Investment Fund Partnership.

Ng Der Sian has also been appointed as a director in AMD Holding Pte Ltd. since 2012; a director in One Group Consultancy Pte Ltd, since 2016; and One Group Capital Limited, since 2017. Since December 2019, Zheng Li Ping has been appointed as chief financial officer in Whampoa Group. The Board announced that with effect from 20 May 2022: Dato' Tan has resigned as a member of the Nomination Committee and the Remuneration Committee; Lim has resigned as the chairman of the Audit Committee, the member of the Nomination Committee and the Remuneration Committee; Phua has resigned as the chairman of the Nomination Committee and the member of the Audit Committee; Yu, an Executive Director, has been appointed as the member of Nomination Committee and the Remuneration Committee; Ng, has been appointed as the chairman of the Audit Committee, the member of the Nomination Committee and the Remuneration Committee; and Zheng, has been appointed as the chairman of the Nomination Committee and the member of the Audit Committee.

The Board further announced that Dato' Tan has ceased to act as the compliance officer of the Company and one of the authorised representatives, and Yu, an Executive Director, has been appointed as the Compliance Officer under Rule 5.19 of the GEM Listing Rules and the Authorised Representative under 5.24 of the GEM Listing Rules with effect from 20 May 2022.