The board of directors of Sanbase Corporation Limited announced that Mr. Siu Chi Wai has been appointed as an independent non-executive Director and a member of each of the remuneration committee, nomination committee and audit committee of the Board, with effect from 9 November 2023. Mr. Siu, aged 42, has over 15 years of experience in valuation consulting, financial risk management and investment management. Since August 2022, he has been serving as an independent director of Magic Empire Global Limited.

Since February 2019, Mr. Siu has also been serving as the chief executive officer of GCA Professional Services Group. From January 2016 to January 2019, Mr. Siu served as the chief executive officer of Yemaigu Internet Financial Services Ltd. Prior to these positions, Mr. Siu served in companies such as UBS AG and Daiwa Capital Markets with a focus on corporate finance advisory services. Mr. Siu received a bachelor's degree in business administration from the University of Toronto, Canada in June 2005.

Mr. Siu is a Chartered Financial Analyst and a Certified Public Accountant of the American Institute of Certified Public Accountants. Mr. Siu has entered into an appointment letter with the Company for an initial term of one year commencing from 9 November 2023, subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on GEM of the Stock Exchange.