Zijing International Financial Holdings Limited announced that, with effect from 25 August 2023, Ms. Lee Pui Ching has resigned as an independent non-executive Director and ceased to be a member of the audit committee, the nomination committee and the remuneration committee of the Board so as to allow her to devote more time for her personal commitments. The Board is also pleased to announce that Mr. Tsang Ho Yin ("Mr. Tsang") has been appointed as an independent non-executive Director and a member of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 25 August 2023. Mr. Tsang, aged 37, was admitted as a solicitor in Australia and Hong Kong, in May 2012 and December 2013, respectively.

Mr. Tsang was qualified as a Guangdong-Hong Kong-Macao Greater Bay Area lawyer in June 2023. Mr. Tsang is currently a partner of Stevenson, Wong & Co., specialising in corporate finance and commercial law. Mr. Tsang is also a non-executive director of China Regenerative Medicine International Limited, the issued shares of which are listed on GEM of the Stock Exchange, since January 2020.

In September 2021, Mr. Tsang was appointed as an independent non-executive director of Crosstec Group Holdings Limited and Sterling Group Holdings Limited. He was subsequently re- designated as a non-executive director of Crosstec in January 2023. Mr. Tsang is also (i) the joint company secretary and authorised representative of Mabpharm Limited since May 2019; (ii) the company secretary and the authorised representative of Sunshine 100 China Holdings Limited since November 2019; (iii) the joint company secretary and authorised representative of Sundy Service Group Co.

Limited since January 2021, the issued shares of which are all listed on the Main Board of the Stock Exchange; and (iv) the joint company secretary and authorised representative of 1957 & Co. (Hospitality) Limited, the issued shares of which are listed on GEM of the Stock Exchange, since August 2022. Mr. Tsang was (i) the company secretary and the authorised representative of Sino Energy International Holdings Group Limited from November 2018 to July 2019; (ii) the company secretary of Moody Technology Holdings Limited from January 2019 to November 2019; (iii) the company secretary and the authorised representative of Mobile Internet (China) Holdings Limited from February 2020 to February 2021; and (iv) the non-executive director of Summi (Group) Holdings Limited from July 2020 to September 2022, the issued shares of these companies are listed on the Main Board of the Stock Exchange.

Mr. Tsang was also an independent non-executive director of Inno-Tech Holdings Limited from June 2019 to June 2020. Inno-Tech was a company incorporated in Bermuda with limited liability and the principal activities of the Inno-Tech Group were (i) provision of outdoor advertising business through different advertising media network; (ii) television advertising operation; (iii) the event management business; (iv) seafood business; and (v) money lending business in Hong Kong. As disclosed in the announcements of Inno-Tech dated 1 June 2020, 3 July 2020 and 11 September 2020, Inno-Tech received a letter from the Official Receiver's Officer dated 9 June 2020 which stated that Gram Capital Limited has filed a winding-up petition to the High Court of the Government of the Hong Kong Special Administrative Region against Inno-Tech for principal sum of HKD 195,000 on 7 May 2020.

On 9 September 2020, Inno-Tech was ordered to be wound up by the High Court of Hong Kong Special Administrative Region in HCCW 82/2020 and the Official Receiver was appointed as the provisional liquidator. Mr. Tsang confirmed that (i) he was not a party to such winding-up petition and there is no wrongful act on his part leading to the cancellation of listing and liquidation of Inno-Tech; and (ii) he is not aware of any actual or potential claim that has been or will be made against him as a result of the cancellation of listing and liquidation of Inno- Tech. Mr. Tsang obtained a bachelor in laws degree and a bachelor in commerce (accounting) degree, both from the University of Melbourne, Australia in August 2008.

Mr. Tsang obtained a master in laws degree from the University of Melbourne, Australia in August 2010. Mr. Tsang obtained the postgraduate certificate in laws from the City University of Hong Kong in July 2011. Mr. Tsang has entered into a service agreement with the Company for a term of three years.

He will hold office until the next annual general meeting of the Company and is thereafter subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Mr. Tsang will be entitled to an annual salary of HKD 120,000 which is determined by the Board on the recommendation of the Remuneration Committee and by reference to his duties and responsibilities and prevailing market conditions.