Vongroup Limited announces that Daphne Bontein da Rosa Gohel ("Ms Gohel") has been appointed as an independent non-executive Director with effect from 6 October 2023. The biographical details of Ms Gohel are as follows: Ms Gohel, aged 62, is a senior management executive, and has been engaged in executive management, international governmental relations matters, technology business operations and port management business for over 30 years. She holds a Diploma in Human Resource Management from the University of Hong Kong and is an Associate Member of the Hong Kong Institute of Human Resource Management.

Ms Gohel was formerly a senior manager in the Group Managing Director's Office at Hutchison Port Holdings Limited, a group that is engaged in the operation of ports in over 20 countries. Save as disclosed above, Ms Gohel has not held any other directorships in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas and does not hold any position in the Company or other members of the Company's group. Ms Gohel does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company.

Ms Gohel has entered into a letter of appointment with the Company for an initial term of one year commencing on 6 October 2023, which shall continue thereafter subject to retirement by rotation and re-election at the annual general meeting of the Company at least once every three years pursuant to the articles of the Company (the "Articles"), unless and until terminated by either Ms Gohel or the Company giving to the other party in writing. Ms Gohel shall hold office until the next following annual general meeting of the Company and be eligible for re-election in accordance with the Articles. According to the terms of appointment, an annual director's fee of HKD 100,000 will be payable to Ms Gohel and is subject to review by the Board and the remuneration committee of the Board from time to time.

The remuneration was determined by the Board with reference to her duties and responsibilities as well as her qualifications, experience and the prevailing market conditions.