The board of directors of Ban Loong Holdings Limited announces that Mr. Tang Ming and Mr. Huang Eric Bin were respectively appointed as the executive director and the non-executive director of the Company and Mr. Liu Huaiyu ("Mr. Liu") was appointed as the Company secretary with effect from 19 August 2022. The biography details of Mr. Tang and Mr. Huang are set out below: Mr. Tang, aged 48, was appointed as the chief executive officer of the Company in April 2022. Mr. Tang obtained a bachelor's degree in electronic engineering from Tianjin University of Technology and a master's degree in business administration from Cornell University in the USA.

Prior to joining the Company, he worked as a vice president of intelligent automotive solution business unit Europe region, head of consulting services of enterprise business group Europe region, at Huawei Technologies Co., Ltd* from July 2016 to January 2022. Mr. Huang, aged 56, obtained a bachelor's degree in engineering from Harbin Engineering University and had subsequently attended visiting scholar program from European Economic Community and business management courses from Northwestern University in the United States. Mr. Huang is a director of CITIC International Assets Management Limited and its subsidiaries such as Radiant International and Goldstone International, respectively.

Mr. Huang was appointed as a non-executive director and co-chairman of the board of China New Economy Fund Limited, a company listed on the The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (stock code: 80), in January 2022 and as a non-executive director and the chairman of the board of China United Venture Investment Limited (previously known as Glory Mark Hi-Tech (Holdings) Limited), a company listed on the Stock Exchange, in February 2022.