Sincere Watch (Hong Kong) Limited announced that with effect from 12 July 2023: Mr. Hong Sze Lung (``Mr. Hong'') has been appointed as an Independent Non-executive Director and the chairman of the Audit Committee of the Company; and Mr. Zong Hao, an Independent Non-executive Director, has resigned as the chairman of the Audit Committee and remains a member of the Audit Committee. Mr. Hong, aged 51, has over 25 years of working experience and extensive knowledge in the fields of auditing, corporate finance, corporate recovery, investments as well as corporate investor relations in Hong Kong and Mainland China. Mr. Hong commenced his career in PricewaterhouseCoopers and worked in the firm for approximately 10 years in the field of auditing, corporate finance & recovery until he left
the firm in November 2005 as a senior manager. For the period from March 2006 to October 2011, Mr. Hong served at senior management level respectively in a private equity investment company (as Senior Vice President) as well as two companies listed on the Main Board of The Stock Exchange of Hong Kong Limited (``Stock Exchange''), being Soundwill Holdings Limited and Silver Base Group Holdings Limited both as Corporate Finance Director. For the period from September 2012 to December 2016, Mr. Hong worked in Wealth Glory Holdings Limited as Chief Operation Officer and subsequently promoted to Executive Director, Chief Executive Officer and Chairman. For the period from July 2018 to June 2020, Mr. Hong worked as Chief Financial Officer in the Company. Mr. Hong, being appointed on 1 September 2020, is currently an Independent Non-executive Director of Kelfred Holdings Limited, a company listed on the Main Board of the Stock Exchange. Mr. Hong was an Independent Non-executive Director of Ping An Securities Group (Holdings) Limited (formerly known as Madex International (Holdings) Limited), a company delisted from the Main Board of the Stock Exchange on 7 November 2022, for the period from May 2014 to November 2015, an Independent Non-executive Director of Evershine Group Holdings Limited, a company delisted from the GEM of the Stock Exchange on 17 October 2022, for the period from January 2021 to March 2021, an Independent Non-executive Director of Silver Base Group Holdings Limited, a company listed on the Main Board of the Stock Exchange, for the period from March 2022 to June 2022, and an Independent Non-executive Director of Huiyin Holdings Group Limited, a company delisted from the Main Board of the Stock Exchange on 22 August 2022, for the period from March 2022 to August 2022. Mr. Hong is a certified public accountant of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants and a chartered financial analyst of the CFA Institute. In 1995, Mr. Hong obtained a Bachelor of Arts (Hons) Degree in Accountancy from the Hong Kong Polytechnic University.