The board of directors of Wenye Group Holdings Limited announced that, Mr. Huang Wei (Mr. Huang) has been appointed as an independent non-executive Director of the company (INED), a member of the audit committee of the company (Audit Committee) and a member of the nomination committee of the company (Nomination Committee); and Ms. Lau Chui Ping Soey (Ms. Lau) has been appointed as an INED, a member of the Audit Committee and the chairperson of the remuneration committee of the company (Remuneration Committee), with effect from 13 October 2023. The biographical details of Mr. Huang and Ms. Lau are set out as follows: Mr. Huang Wei, aged 39, is a registered lawyer admitted in the People's Republic of China (PRC) since November 2011 and has over 10 years of experience in advising corporations in capital markets and in corporate governance. Mr. Huang has been the senior partner of Hylands Law Firm Shenzhen Office since September 2022.

From January 2018 to August 2022, Mr. Huang worked in Guanghe Law Firm as a senior partner. From July 2013 to December 2017, Mr. Huang worked ing Yingke Law Firm Shenzhen Office as a partner. From March 2010 to June 2013, Mr. Huang worked in China Commercial Law Firm.

Mr. Huang graduated from The National Police University for Criminal Justice in the PRC in June 2008 with a Bachelor's Degree in Law. He subsequently completed his postgraduate studies in civil and commercial law from Sun Yat-Sen University in the PRC in July 2013. Upon Mr. Huang's appointment as the Company's INED, Mr. Huang will also be appointed as members of the Audit Committee and Nomination Committee.

Ms. Lau Chui Ping Soey, aged 41, has been a fellow certified management accountant of the Institute of Certified Management Accountants, Australia since December 2016. Ms. Lau possesses around 10 years of experience in accounting, internal control and compliance. Prior to joining the Group, Ms. Lau served as an accounting manager of Ultima Healthcare Limited from February 2022 to April 2022.

From November 2019 to February 2022, Ms. Lau worked in L. C. Industrial (Hong Kong) Limited as a financial controller. From February 2017 to April 2018, Ms. Lau worked in Crownwell Contracting (HK) Co. Ltd. as a compliance officer.

From October 2015 to January 2017, Ms. Lau worked as the head of corporate & investor relations in FLS Engineering (HK) Ltd. From July 2014 to November 2015, Ms. Lau worked in Landmaster Associates & Valuer Ltd. as an assistant company secretary. From May 2011 to January 2013, Ms. Lau was the sole proprietor of Smart Accounting Services Company. From May 2010 to January 2011, Ms. Lau worked in Success International Bullion (H.K.) Ltd. as a senior account executive.

From November 2008 to June 2009, Ms. Lau worked in Luen Thai International Group Limited as an assistant business analyst. From March 2007 to May 2008, Ms. Lau worked as an auditor in KL CPA Limited. Ms. Lau graduated from Staffordshire University in the United Kingdom in June 2006 with a Bachelor of Arts Degree in Accounting.

She obtained a Professional Diploma for Legal Executives from the Hong Kong Institute of Vocational Education in July 2013 and a Master of Arts Degree in Legal Translation from Hong Kong Metropolitan University (formerly known as The Open University of Hong Kong) in November 2014. Ms. Lau further obtained a Graduate Diploma in English and Hong Kong Law awarded by Manchester Metropolitan University in the United Kingdom in July 2023. Upon Ms. Lau's appointment as the Company's INED, Ms. Lau will also be appointed as a member of the Audit Committee and a chairperson of the Remuneration Committee.

Following the appointments of Mr. Huang and Ms. Lau to the Board, the Board complies with the INEDs requirements of Listing Rules 3.10(1) and 3.10A, the Audit Committee requirements of Listing Rule 3.21, the Remuneration Committee requirements of Listing Rule 3.25 and the Nomination Committee requirements of Listing Rule 3.27A.