The board of directors of Tongda Hong Tai Holdings Limited announced that with effect from 2 December 2022: Mr. Wong Ah Yu (Mr. Wong) has resigned as an executive Director; Mr. Wu Kin San Alfred (Mr. Wu) has resigned as an independent non-executive Director and member of each of the audit committee of the Company, the remuneration committee of the Company and the nomination committee of the Company respectively; Mr. Ho Chun Sing (Mr. Ho) has resigned as the financial controller and company secretary of the Company; Mr. Lee King On Jeff has been appointed as an executive Director and the Company Secretary; and Mr. Chan Shiu Man has been appointed as an independent non-executive Director and member of each of the Audit Committee, Remuneration Committee and Nomination Committee, respectively. Mr. Lee, aged 41, holds a Bachelor of Accounting Degree from The University of Hong Kong. He is a member of the Hong Kong Institute of Certified Public Accountants since 2010 and Association of Chartered Certified Accountants since 2020.

He has more than 15 years of experience in listed companies and audit firms and possesses extensive experience in accounting, auditing and financial management. He worked for UMP Healthcare Holdings Limited, a company listed on the main board of the Stock Exchange from July 2009 to February 2021 with his last position as senior accounting manager and was responsible for, including but not limited to, managing the group treasury functions including cash flow management, risk management and funding. Before that, Mr. Lee worked in different audit firms and was responsible for accounting and auditing.

Mr. Chan, aged 56. Mr. Chan is a certified public accountant in Hong Kong. He holds a master degree in finance from University of Hawaii at Manoa of the United States of America.

Mr. Chan has over 30 years of experience in financial management and control, corporate restructuring, corporate finance and investment projects evaluation. Mr. Chan also has experience in consulting on corporate finance, project financing and accounting issues to companies in US, Europe and the PRC. From October 2011 to April 2019, Mr. Chan was an independent non-executive director of Zhongda International Holdings Limited.

From August 2016 to September 2022, Mr. Chan was an independent non-executive director of Zhao Xian Business Ecology International Holdings Limited (formerly known as On Real International Holdings Limited). From July 2017 to August 2018, Mr. Chan was a non-executive Director of Century Energy International Holdings Limited (formerly known as China Oil Gangran Energy Group Holdings Limited).