The board of directors Of VSTECS Holdings Limited announced that Mr. Zhang Dongjie (‘Mr. Zhang') has been appointed as a non-executive director of the Company with effect from 19 January 2023. Mr. Zhang, aged 49, graduated from Xiamen University in the People 's Republic of China (the ‘PRC') with a Master degree in Economics in 2005. Mr. Zhang joined (Shenzhen Eternal Asia Supply Chain Management Ltd.) (‘Shenzhen Eternal Asia') as the deputy general manager from January 2020.

Shenzhen Eternal Asia, a joint stock company established in the PRC with limited liability whose shares are listed on the Main Board of the Shenzhen Stock Exchange, is a substantial shareholder of the Company holding approximately 17.38% of the issued share capital of the Company as at the date of this announcement. Mr. Zhang has extensive management experience and had previously served as senior management in several enterprises in the PRC, such as (Kingway Beer Group), (Shenzhen Urban Construction and Development (Group)), (Shenzhen Tongchan Group Co., Ltd) and (Shenzhen Tongchan Star Co., Ltd).