The board of directors of Chinese People Holdings Company Limited and its subsidiaries announced that Mr. Cheung Chi Ming has been appointed as independent non-executive director, the chairman of each of audit committee, remuneration committee and a member of nomination committee of the Company with effect from 15 July 2020. On the same date, 15 July 2020, Mr. Sin Ka Man has been re-designated from the chairman of each of audit committee and remuneration committee of the Company to a member of audit committee and remuneration committee of the Company, his position as a member of nomination committee of the Company remains unchanged. Mr. Cheung Chi Ming, aged 41, is the Financial Controller of OVM International Development Co. Ltd. During the period from June 2014 to September 2018, he was the Financial Controller and Assistant General Manager of Hong Kong OVM Engineering Company Limited. He is currently a fellow member of the Association of Chartered Certified Accountants and a member of The Hong Kong Institute of Chartered Secretaries and a member of The Chartered Governance Institute.