The board of directors of Prime Intelligence Solutions Group Limited announced that Mr. Yuen Kwok Wai, Tony has tendered his resignation as the chief executive officer of the Company with effect from 13 May 2024 as he would like to devote more time to his family. As a result of Mr. Yuen's resignation to act as the chief executive officer of the Company, Mr. Wang Yicheng, the executive Director of the Company, is appointed as the chief executive officer of the Company in place of Mr. Yuen with effect from 13 May 2024. Mr. Wang, aged 30, has over 10 years of experience in the industries of project investment and corporate governance and has been an investor focusing on securities investment.

He has participated in the initial public offerings of shares, acquisitions, mergers, and financing projects of several Hong Kong listed companies. He has extensive professional knowledge in different aspects, particularly in corporate governance, venture capital, corporate restructuring, listing, and financing businesses. Mr. Wang is currently the chief executive officer of a financial holding company, which provides financial services in Asia-Pacific.

In addition to the service agreement for the appointment as executive Director effected on 26 January 2024, a service agreement has been entered into between Mr. Wang and the Company in relation to his appointment as the Chairman of the Board and the chief executive officer for a term of three years with effect from 13 May 2024. Mr. Wang's directorship is subject to the rotational retirement and re-election requirements at the general meetings of the Company pursuant to the Articles, or earlier determination in accordance with the Articles and/or any applicable laws and regulations.