BC Technology Group Limited announced that with effect from 12 January 2024: Mr. Lo Ken Bon has resigned as an executive Director and the deputy chairman of the Board. Following his resignation, he would cease to act as the authorised representative of the Company as required under Rule 3.05 of the Listing Rules, the chairman of each of the nomination committee of the Company and the risk management committee of the Company and a member of the remuneration committee of the Company; Mr. Madden Hugh Douglas has resigned as an executive Director of the Company; Mr. Chapman David James has resigned as an executive Director; Mr. Chia Kee Loong, Lawrence has resigned as an independent non-executive Director. Following his resignation, he would cease to act as a member of each of the audit committee of the Company (the Audit Committee), the Nomination Committee and the Remuneration Committee; and Mr. Tai Benedict has resigned as an independent non-executive Director. Following his resignation, he would cease to act as a member of each of the Audit Committee and the Risk Management Committee. Each of Mr. Lo Ken Bon, Mr. Madden Hugh Douglas, Mr. Chapman David James, Mr. ChiaKee Loong, Lawrence and Mr. Tai Benedict has confirmed that he did not have any disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange. The Board announced that, with effect from 12 January 2024: Mr. Chau Shing Yim, David, an independent non-executive Director, has ceased to be a member of the Risk Management Committee; Mr. Tiu Ka Chun, Gary, an executive Director, has been appointed as a member of the Risk Management Committee; Mr. Pan Zhiyong has been appointed as an executive Director, the chairman of the Board, the chairman of each of the Nomination Committee and the Risk Management Committee and a member of the Remuneration Committee; Ms. Xu Kang has been appointed as an executive Director; Mr. Yang Chao has been appointed as an executive Director, an Authorised Representative, and a member of each of the Nomination Committee, the Remuneration Committee and the Risk Management Committee; Dr. Yang Yu has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; and Mr. Xu Biao has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee, the Remuneration Committee and the Risk Management Committee. Mr. Pan Zhiyong, 47, is currently the chief executive officer of BGX. Mr. Pan has extensive experience in blockchain and cryptocurrency, technology and e-commerce. Mr. Pan served as the chief operating officer of Phoenix Global Capital, a Singapore-based firm offering technology development, security management, business operations, and customer services in the crypto sector. Prior to this, he was the chief executive officer of BabyTree Group. He has also held executive positions at Ke Holdings Inc., Alibaba Group and 360 Security Technology Inc. Ms. Xu Kang, 39, has worked for Guangdong Tianjian Accounting Firm Co. Ltd. and Guangdong Everbright Enterprise Group Co. Ltd. She has been engaged in the fields of audit evaluation, financial management, tax risk management, etc, and has extensive experience. Ms. Xu graduated from Nanjing Normal University in Jiangsu, China with a Bachelor's Degree in Finance. At the same time, Ms. Xu holds the professional qualifications of Chinese Certified Public Accountant (Chinese CPA) and Chinese Certified Tax Agent (Chinese CTA). Mr. Yang Chao, 39, graduated from Huazhong University of Science and Technology with a Bachelor's Degree in Law. He has worked in various investment institutions including Kaifu Fund, Gao Teng Wo Ying, Roho Fund, and has been engaged in the fields of investment research, risk management and private equity investment for fifteen years. He has extensive experience as he has participated in many listed companies' initial public offerings, asset restructurings and mergers and
acquisitions. Dr. Yang Yu, 60, has obtained a doctorate in management and holds a senior economist qualification. From 2000 to 2015, he successively served as the vice president of Henan Branch, the president of Hebei Branch and the president of Jiangsu Branch of China Construction Bank, respectively. From 2015 to now, Dr. Yang successively served as the vice president of China CITIC Bank Corporation Limited, the chairman of China CITIC Bank International Limited, the president of CITIC International Financial Holdings Limited and the chairman of CITIC International Assets Management Limited. Dr. Yang currently also serves as an independent non-executive director of Meilleure Health International Industry Group Limited. Mr. Xu Biao, 48, graduated from Zhongnan University of Economics and Law and received a Master of Laws degree. Currently, he is the vice president of Guangdong Private Investment Co. Ltd., responsible for the strategic investment, mergers and acquisitions, and equity investment business of the group headquarters. At the same time, he is also the chairman of the board of directors of Zhuhai Gaoteng Enterprise Management Co. Ltd.