The board of directors of Wai Chi Holdings Company Limited announced that Mr. Yu Zhenyu (Mr. Yu) will be appointed as an independent non-executive Director and a member each of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 3 April 2023. Mr. Yu, aged 40, obtained his master's degree in Accounting and Finance with Management Studies from University of Hertfordshire in 2006. From 2006 to 2012, Mr. Yu worked as Audit Manager with two international accounting firms, providing financial compliance and audit services to a number of large corporations and financial institutes.

From 2012 to 2017, Mr. Yu served as Director of Treasury and Finance Department in China Orient Asset Management (International) Holding Limited, being responsible for capital and financial management in Mainland China. From 2017 to 2018, Mr. Yu joined Tianli Holdings Group Limited as Executive Director and Chief Financial Officer, being responsible for financial management, investment and financing, operation administration of off-shore private equity funds, and capital management, as well as Hua Rong Bo Run International Investment Holdings Limited as Assistant Chief Executive Officer, being responsible for structured finance, funding management, administration and human resources. From 2018 to 2019, Mr. Yu served as Managing Director for Capital Operation and General Manager of Finance in Flying Financial Service Holdings Limited.

He was responsible for fund-raising, debt issuance, capital operation, corporate budgeting, financial management, and tax management. From 2019 to 2022, Mr. Yu served with BRC Investment Holding Group Co. Ltd. and its subsidiary, Sichuan Languang Development Co.

Ltd., as Vice General Manager of Overseas Business Unit, being responsible for cross-border investments and financing. Since November 2022, Mr. Yu is working with AIM Capital Consortium Limited and being a Responsible Officer to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), is responsible for providing securities analysis report and acting as portfolio manager for private placement funds. Mr. Yu is a fellow member of the Chartered Institute of Management Accountants, a Chartered Global Management Accountant, a member of the Institute of Public Accountants Australia and a forensic certified public accountant international (being a member of the Forensic Certified Public Accountants Association).

Mr. Yu is a licensed Responsible Officer having been granted license to carry out Type 4 (advising on securities) and Type 9 (asset management) regulated activities by the Securities and Futures Commission of Hong Kong. Mr. Yu has substantial experience in asset management, capital operation, financing and financial management.