Yues International Holdings Group Limited announces that with effect from 19 October 2022, Mr. Law Cho Kwan Derek has resigned as an independent non-executive Director and has ceased to be the chairman of the Audit Committee; Mr. Shao Wei has resigned as an independent non-executive Director and has ceased to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; Mr. Chan Koon Yung has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; Mr. Du Yingyou has been appointed as a non-executive Director; Mr. Lau Wai Piu Patrick has been appointed as the chairman of the Audit Committee and a member of the Nomination Committee; Mr. Yu Chun Man has ceased to be the chairman of each of the Nomination Committee and the Remuneration Committee and has been redesignated as a member of each of the Nomination Committee and the Remuneration Committee; Mr. Le Kang has been appointed as the chairman of the Nomination Committee and a member of Remuneration Committee; and Dr. Wang Yi has been appointed as the chairman of the Remuneration Committee. Mr. Chan, aged 63, is currently a practicing certified public accountant in Hong Kong and is an associate member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Mr. Chan has more than 33 years of experience in management, audit, finance, taxation and accounting.

He obtained a Diploma in Accounting from the Hong Kong Baptist University (formerly known as Hong Kong Baptist College) in 1982 and a Master degree of Business Administration from the University of Strathclyde in the United Kingdom in 1993. He worked for Tupperware (China) Company Limited from December 1987 to April 1998 with his last position as a financial director, and for Herbalife International of Hong Kong Limited from January 1999 to November 2005 as the general manager/director, where the holding companies for both companies are listed on the New York Stock Exchange. Mr. Chan later joined Synergy Worldwide (HK) Limited from March 2006 to August 2008 as a general manager.

Besides, he has been working for Poon & Partners CPA Limited since September 2008 with his current position as a director, and has been the sole proprietor of his own accounting firm Chan Koon Yung & Co. since March 2013. Mr. Chan is currently the co-chief financial officer and company secretary of GFT International Holding Limited, an OEM toy manufacturer in Vietnam, and has been an independent non-executive director in Anxian Yuan China Holdings Limited, a company listed on the Main Board of the Stock Exchange since June 2014.

Mr. Du, aged 33, is currently the general manager of Shanghai Youyi Enterprise Management Consulting Company Limited since December 2017. Mr. Du held the position as senior director and partner of Shanghai Haobo Investment Company Limited from July 2012 to November 2017.