Speedy Global Holdings Limited announced that Mr. Chan Tsang Mo ("Mr. Chan") has been appointed as an independent non-executive director of the Company and a member of the audit committee, the remuneration committee, the nomination committee and the conflicts committee of the Company with effect from 31 August 2023. Mr. Chan, aged 39, has over 16 years of finance, accounting and treasury experience. Mr. Chan assumed various positions in professional accounting and financial firms from 2006 to 2016.

Since October 2017, he has been the director of Morton Professional Services Limited and is responsible for advising on company formation, business establishments and legal compliance related matters. Mr. Chan has been admitted as a member of the Hong Kong Institute of Certified Public Accountants in January 2010 and is currently a practicing member of the Hong Kong Institute of Certified Public Accountants. Mr. Chan graduated from the City University of Hong Kong with a Bachelor of Business Administration degree in Accountancy in November 2006.

From February 2019 to May 2020, Mr. Chan was an independent non-executive director of Hong Kong Finance Investment Holding Group Limited (currently known as Wisdom Wealth Resources Investment Holding Group Limited) (stock code: 7), a company whose issued shares were listed on the Main Board of the Stock Exchange. From September 2022 to July 2023, Mr. Chan was an independent non- executive director of Hong Wei (Asia) Holdings Company Limited (stock code: 8191), a company whose issued shares are listed on GEM of the Stock Exchange. Mr. Chan was the company secretary and authorised representative of Optima Automobile Group Holdings Limited (stock code: 8418) and Century Energy International Holdings Limited (stock code: 8132), both companies whose issued shares are listed on GEM of the Stock Exchange, from October 2019 to September 2021 and from April 2020 to August 2021, respectively.

Mr. Chan was the company secretary and authorised representative of HG Semiconductor Limited (stock code: 6908) from May 2023 to June 2023, a company whose issued shares were listed on the Main Board of the Stock Exchange. Since January 2019, Mr. Chan has been an independent non-executive director of Geotech Holdings Ltd. (stock code: 1707), a company whose issued shares are listed on the Main Board of the Stock Exchange. Since April 2023, Mr. Chan has been an independent non-executive director of Sing Lee Software (Group) Limited, a company whose issued shares are listed on GEM of the Stock Exchange.

Mr. Chan has also been the company secretary and authorised representative of China International Development Corporation Limited (stock code: 264) and Yues International Holdings Group Limited (stock code: 1529), both companies whose issued shares are listed on the Main Board of the Stock Exchange, since February 2018 and June 2022, respectively. From March 2020 to October 2020, Mr. Chan was an independent non-executive director of Rentian Technology Holdings Limited ("Rentian") (former stock code: 885), a company whose issued shares were listed on the Main Board of the Stock Exchange before cancellation of its listing on 30 May 2022. A winding up order pursuant to the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong) (the "Winding Up Order") was made by the High Court of Hong Kong Special Administrative Region against Rentian on 21 October 2020.

The Winding Up Order was made upon a winding up petition received on 19 March 2020 in respect of certain alleged indebtedness owed to certain individual bondholders amounting to approximately HK$195 million. The official receiver was appointed as the provisional liquidator of Rentian on 21 October 2020. Please refer to the announcement issued by Rentian dated 21 October 2020 for further information in relation to the winding up proceedings.

Rentian was incorporated in the Cayman Islands with limited liability and, together with its subsidiaries, were principally engaged in the business of provision of integrated smart internet-of-things solutions to enterprise customers, human machine interactive devices, intelligent documentation services, security investment and money lending in Hong Kong and China prior to the cancellation of its listing. According to Mr. Chan, he is not a party to such winding up proceedings and is not aware of any current or potential claim that has been or will be made against him as a result of such proceedings. Mr. Chan tendered his resignation letter as an independent non-executive director to Rentian on 22 October 2020.

Mr. Chan has entered into an appointment letter with the Company for a term of three years commencing from 31 August 2023, provided that either the Company or Mr. Chan may terminate such appointment at any time by giving at least three months' notice in writing to the other. The appointment shall terminate automatically in the event of Mr. Chan ceasing to be a Director for whatever reason. Mr. Chan is subject to re-election at the annual general meeting of the Company and retirement by rotation in accordance with the provisions of the articles of association of the Company.

Mr. Chan is entitled to an emolument as an independent non-executive Director of HKD 180,000 per annum, which is determined with reference to his duties and responsibilities with the Company, the Company's results and the prevailing market situation.