The board of directors of Times Universal Group Holdings Limited announce that Mr. Ngok Ho Wai ("Mr. Ngok'') has been appointed as an independent non-executive Director, the chairman of the audit committee (the "Audit Committee'') of the Company, and a member of each of the remuneration committee (the "Remuneration Committee'') and nomination committee (the "Nomination Committee'') of the Company with effect from 30 November 2022. Mr. Ngok, aged 54, obtained a Bachelor degree of Social Science with Honors from The Chinese University of Hong Kong in December 1993. He obtained a Master degree of Accounting from Curtin University of Technology (now known as Curtin University) in February 1999. Mr. Ngok has been a member of the Hong Kong Institute of Certified Public Accountants and CPA Australia since July 2000 and July 2022 respectively. Mr. Ngok has over 27 years of experience in the banking industry. He worked at Wing Hang Bank Limited from August 1993 to September 1996 with his last position as senior officer, at Fortis Bank Asia HK from September 1996 to July 2000 with his last position as relationship manager in the commercial banking department -- medium enterprises, at DBS Bank (Hong Kong) Limited from July 2000 to March 2007 with his last position as vice president in the wholesale banking, corporate & investment banking -- enterprise banking division, at Dah Sing Bank Limited from May 2007 to August 2014 with his last position as team head in the commercial bank marketing department, at O-Bank Co.,
Limited (Hong Kong branch) from August 2014 to November 2018 with this last position as vice president of the corporate banking section, at OCBC Wing Hang Bank Limited from January 2019 to November 2019 with his las position as senior manager in the commercial banking department, and at Industrial & Commercial Bank of China (Asia) Limited from December 2019 to October 2020 with his last position as team head in the
Greater Bay Area corporate banking department. Mr. Ngok is currently an independent non-executive director of Basetrophy Group Holdings Limited.