Universal Star (Holdings) Limited announced that Mr. Cheung On Kit Andrew ("Mr. Cheung") has been appointed as an independent non-executive Director, the chairman of the audit committee (the "Audit Committee") and a member of the nomination committee (the "Nomination Committee") of the Company with effect from 19 August 2022. Mr. Cheung, aged 42, is an executive director and a responsible officer (Type 1 ­ dealing in securities and Type 6 ­ advising on corporate finance regulated activities) of Opus Capital Limited. Mr. Cheung has over 17 years of experience in the financial industry spanning across corporate finance advisory, mergers and acquisitions advisory and financial analysis.

Mr. Cheung is a member of Chartered Accountants Australia and New Zealand and the Hong Kong Independent Non-Executive Director Association and is a fellow of the Hong Kong Securities and Investment Institute and a committee member of its Individual Membership Committee. Prior to joining Opus Capital Limited, Mr. Cheung held senior execution positions with CCB International Capital Limited and Oceanwide Capital Limited (currently known as China Tonghai Capital Limited), the investment banking arm of China Oceanwide International Financial Limited (currently known as China Tonghai International Financial Limited). Before that, he worked in Somerley Capital Limited, the principal subsidiary of Somerley Capital Holdings Limited from 2010 to 2017, with his last position as an associate director.

Mr. Cheung had also worked in the mergers and acquisitions department of KPMG Hong Kong and Deloitte's corporate finance departments in Australia and Singapore between 2007 and 2009. Mr. Cheung obtained his Master of Commerce (Funds Management) from The University of New South Wales, Australia. He also received his Bachelor of Commerce (Accounting)/Bachelor of Business Administration at Macquarie University, Australia.

Mr. Cheung has been an independent non-executive director of Vietnam Manufacturing and Export Processing (Holdings) Limited.