Yun Lee Marine Group Holdings Limited announced that Mr. Simon Ng has been appointed as an independent non-executive Director of the Company, with effect from 12 May 2023. Mr. Ng, aged 49, has over 23 years of experience in the financial industry, focusing on corporate finance advisory, fund raising, direct investments and brokerage operations. Mr. Ng was a member of the board of director, the chief executive officer and a responsible officer of Hooray Securities Limited, a corporation licensed to carry out Type 1 (dealing in securities) regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Hooray Capital Limited, a corporation licensed to carry out Type 6 (advising on corporate finance) regulated activity under the SFO until 31 March 2023.

Mr. Ng obtained a Bachelor of Arts (Honours Economics) degree from Wilfrid Laurier University, Canada in 1996 and a Master of Economics degree from The University of Hong Kong in 1997. Mr. Ng was a director of Multi Profit International Investment Limited, Ever Fame Investment Limited and Crescendo Partners Asia Limited all of which were incorporated in Hong Kong and were dissolved by voluntary deregistration pursuant to section 751 of the Companies Ordinance on 16 December 2016, 1 June 2018 and 10 August 2018, respectively. Mr. Ng confirmed that the abovementioned companies were solvent at the time of their respective deregistration.

Mr. Ng has been appointed as the chairman of the Nomination Committee, a member of the audit committee and a member of the remuneration committee; and Mr. Wen Tsz Kit Bondy, an executive Director, has ceased to be the chairman of the Nomination Committee and a member of the Remuneration Committee. Following the appointment of Mr. Ng, the Board comprises five members, including two executive Directors and three independent non-executive Directors. The current number of independent non-executive Directors complies with Rule 3.10(1) of the Listing Rules, and the current composition the Audit Committee complies with Rule 3.21 of the Listing Rules.