Soundwill Holdings Limited announce that Mr. Young Chun Man, Kenneth ("Mr. Young") has been appointed as an independent non-executive Director with effect from 16 June 2023. Mr. Young Chun Man, Kenneth, aged 59, received a Master's degree in Corporate Finance from The Hong Kong Polytechnic University and Bachelor of Arts in economics from University of Essex, United Kingdom. Mr. Young is a fellow member of The Institute of Chartered Accountant in England and Wales and a fellow member of the Hong Kong Institute of Certified Public Accountants.

He has over 30 years of professional experience in audit and accounting fields. He was a partner at HLB Hodgson Impey Cheng from September 1994 to March 2011. Mr. Young is also the founder and was a director of AITIA (HK) CPA LIMITED, a member of TGS Global since January 2015, and resigned as a director with effect from April 2022.

Mr. Young is an independent non-executive director of Jacodson Pharma Corporation Limited (2633.HK) and was an independent non-executive director of China Tonghai International Financial Limited (952.HK) from September 2012 to February 2017. The shares of both companies are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Young is a member of the audit committee and a council member of SAHK.

Mr. Young has not entered into any service contract with the Company. Under the letter of appointment entered into between Mr. Young and the Company, there was no fixed term of service. His directorship in the Company is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the bye-laws of the Company.

Mr. Young is entitled to a director's fee of HK$180,000 per annum, which has been determined by reference to his individual performance and contribution, the overall performance of the Company and the prevailing economic situation and market practice. Mr. Young has been appointed as the member of the audit committee of the Company (the "Audit Committee"); and Mr. Chan Kai Nang, an independent non-executive Director, has re-designated as the chairman of the Audit Committee.