The board of directors of Nomad Technologies Holdings Limited announced that Mr. Yau Yeung On has resigned as an Independent Non-executive Director, a member of the audit committee of the Company (the "Audit Committee") and the chairman of the remuneration committee of the Company (the "Remuneration Committee") with effect from 5 July 2021 due to his other businesses and personal commitments. The Board announced that, with effect from 5 July 2021, Mr. Chen Youchun ("Mr. Chen") has been appointed as an Independent Non-executive Director, a member of the Audit Committee and the chairman of the Remuneration Committee. Mr. Chen is a foreign lawyer registered with the Law Society of Hong Kong and is a partner in the Shenzhen office of Junzejun Law Offices. Mr. Chen has extensive experience in corporate finance, private equity, venture capitals, initial public offer listings, and mergers and acquisitions in China and Hong Kong.