The board of directors of ST International Holdings Company Limited announced that Mr. Chen Simon Guomin ("Mr. Chen") will be appointed as an executive Director with effect from 14 November 2023. Mr. Chen Simon Guomin (former name: Chen Guomin), aged 56, obtained a Bachelor of Engineering in Management Information Systems from the Tsinghua University, the People's Republic of China ("PRC") in July 1990 and a Master of Arts and Economics from Simon Fraser University, Canada in October 1993. He also obtained a Master of Business Administration degree from The University of British Columbia, Canada in May 1996. Mr. Chen has over 30 years of experience in global capital markets and investment banking. Mr. Chen has successively held senior management positions at HSBC and Lehman Brothers for their respective investment banking business. Mr. Chen has helped many well-known companies in their listings, fundraisings and mergers and acquisitions, and advised on their corporate development strategies. While acting as the Chief Representative of HSBC's Beijing Representative Office Investment Bank in the PRC from 1999 to 2001, Mr. Chen helped implement HSBC's investment and development strategies in the PRC. Further, Mr. Chen was involved in the EU's China WTO Financial Industry Advisory Committee. In recent years, Mr. Chen has engaged in consulting and investment activities in internet big data application projects. As at the date of this announcement, Mr. Chen is interested in 80,540,000 shares of the Company, representing 13.98% of the total issued share capital of the Company, which constitute an interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter
571 of the Laws of Hong Kong) ("SFO"). Save as otherwise disclosed herein, Mr. Chen is not interested in any other securities issued by the Company or any of its associated corporations within the meaning of Part XV of the SFO. Mr. Chen has entered into a service agreement in respect of his appointment as an executive Director and such other roles as may be designated by the Company from time to time for a continuous term commencing from 14 November 2023 and such appointment is subject to retirement by rotation and re-election at general meeting 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 of Hong Kong Limited ("GEM Listing Rules"). Mr. Chen will be entitled to a director's fee for his service as an executive Director of HKD 80,000 per month, which is determined with reference to prevailing market conditions, duties and responsibilities of Mr. Chen at the Company and the remuneration policy of the
Company. Mr. Chen was a director in two companies, namely Wuyi Fine Wines Development Limited and Quupon Hong Kong Limited which were companies incorporated in Hong Kong and were dissolved by deregistration in 2008 and 2019 respectively. Mr. Chen was a director of each of Wuyi and Quupon when each such company was dissolved. Both Wuyi and Quupon had not commenced operation or business/had not been in operation
nor carried on any business shortly before dissolution, and each company was solvent at the time when it was dissolved. The dissolution of these companies has not resulted in any obligations or liabilities against Mr. Chen.