The board of directors of USPACE Technology Group Limited announced that, with effect from 10 May 2024: Mr. Nathan Earl Whigham has been appointed as a non-executive Director. Mr. Whigham, aged 43, obtained his Bachelor of Science in Systems Engineering with a Mathematics Minor from the University of Arizona and Master of Business Administration from the Marshall School of Business at the University of Southern California. Mr. Whigham also holds a Graduate Certificate in Space Law from the University of Mississippi and a Fundamentals of Alternative Investments Certificate from the Chartered Alternative Investment Analyst Association. Mr. Whigham began his career as a sales engineer at The Trane Company, where he gained significant experience in technical sales and engineering solutions. Mr. Whigham is an accomplished public speaker and frequently speaks at conferences. He has advised the Governor of Puerto Rico's aerospace advisory committee on the development of the space industry in Puerto Rico
and is a board member of the Puerto Rico Space Foundation. Mr. Whigham is the founder of EN Capital, a boutique capital advisory firm inaugurated in 2017 where he remains as president to date. He serves as an advisor at Mach 33 Financial Group, previously known as Spaced Ventures, a firm dedicated to financing human expansion into space through a comprehensive suite of financial products and services. He is also currently the managing director of lending and capital markets at Gulp Data Inc., a firm providing corporate credit collateralized by data assets. Mr. Whigham was previously senior director of business development at CleanFund Commercial PACE Capital from 2016 to 2017, where he led initiatives in Southern California. He served as senior vice president of business development at Nebo Capital Inc. from 2012 to 2015, where he was instrumental in raising capital across commercial real estate sectors. From 2009 to 2012, he was a senior project developer at Borrego Solar Systems Inc., focusing on large-scale distributed generation solar projects. Dr. Lam Lee G. BBS, JP ("Dr. Lam") has resigned from his office of executive Director; and Mr. Niu Aimin ("Mr. Niu") has resigned from his office of non-executive Director. Dr. Lam has also resigned from his role of deputy chairman of the Board; and
H.H. Shaikh Mohammed Maktoum Juma Al-Maktoum has been appointed as the deputy chairman of the Board. Mr. Hung Ka Hai Clement has been appointed as a member of the remuneration committee of the Board (the "Remuneration Committee"); and Dr. Lam has resigned as a member of the Remuneration Committee. Dr. Lam has resigned as a member of the nomination committee of the Board.