The board of directors of Global Mastermind Capital Limited announced that Mr. Lei Seng Fat and Mr. Poon Wai Hoi, Percy have resigned as independent non-executive Directors with effect from 12 July 2022 to devote more time to their respective other business commitments. Mr. Lei has also resigned as the chairman of the nomination committee of the Company and a member of each of the audit committee of the Company and the remuneration committee of the Company, and Mr. Poon has also resigned as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from even date. Following the resignation of Mr. Lei and Mr. Poon, the Board announced that Ms. Lui Sau Lin and Mr. Chung Wang Hei have been appointed as independent non-executive Directors with effect from 12 July 2022.

Ms. Lui has also been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee, and Mr. Chung has also been appointed as the chairman of the Nomination Committee and a member of each of the Audit Committee and Remuneration Committee with effect from even date. Ms. Lui, aged 50, holds a Bachelor of Business (Accountancy) degree from the Royal Melbourne Institute of Technology and a Master of Professional Accounting degree from the Hong Kong Polytechnic University. She has over 25 years of experience in the field of accounting and finance.

Ms. Lui is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Mr. Chung, aged 35, holds a Bachelor of Science degree from the Hong Kong Baptist University. He has over 10 years of experience in the field of software engineering and is currently a director of a private technology company which provides technology consultancy services and executes large-scale transformation programs.