The board of directors of CROSSTEC Group Holdings Limited announces that Mr. Zhu Shengmao ("Mr. Zhu") is appointed as an executive Director with effect from 20 July 2023. Mr. Zhu, aged 33, has extensive experience in business management and corporate leadership role. Since March 2016, he serves as the general manager of Guangdong
Huanan Aluminum Technology Limited and is responsible for overseeing the operation and execution of the board's resolutions in relation to corporate strategies and business development. From March 2015 to December 2022, he was the chairman of Guangdong Tailian Agricultural and Science Technology Limited who led the board in overseeing the business and building strategic development. Mr. Zhu obtained a bachelor's degree in Law, through distance learning, from Nankai University in 2022. The Board further announces that Mr. Tse Kwok Hing Henry ("Mr. Tse") is appointed as an independent non-executive Director, the chairman of each of the audit
committee (the "Audit Committee") and the risk management committee (the "Risk
Management Committee") of the Company and a member of each of the Remuneration
Committee and the nomination committee (the "Nomination Committee") of the
Company with effect from 20 July 2023. Mr. Tse, aged 38, has extensive experience in accounting, auditing and finance fields. He was the chief financial officer and company secretary of China Yuanbang Property Holdings Limited, a company listed on the mainboard of the Singapore Exchange Securities Trading Limited from April 2016 to May 2018. He is the company secretary of Moody Technology Holdings Limited, a company listed on the main board of the Stock Exchange since November 2019. He also
serves as the independent non-executive director of China Environmental Technology And Bioenergy Holdings Limited, a company listed on the main board of the Stock Exchange since September 2022. Mr. Tse obtained a bachelor's degree of Business Administration in Accounting and Finance from The University of Hong Kong in 2007. He is a member of the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England and Wales. The Board also announces that Mr. Ma Jian ("Mr. Ma") is appointed as an independent non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 20 July 2023. Mr. Ma, aged 38, has extensive experience in system development and communication engineering. He is an engineer of Chongqing Yunri Information Technology Limited since January 2014 and is responsible for managing and delivery of telecommunication engineering and network maintenance. Mr. Ma obtained a bachelor's degree in Communication Engineering from Nanchang University in 2006. Mr. Ma, aged 38, has extensive experience in system development and communication engineering. He is an engineer of Chongqing Yunri Information Technology Limited since January 2014 and is responsible for managing and delivery of telecommunication engineering and network maintenance. Mr. Ma obtained a bachelor's degree in Communication Engineering from Nanchang University in 2006. Reference is made to the announcement of the Company dated 1 June 2023 in relation to
the resignation of independent non-executive Directors, on 20 July 2023, (i) Mr. So Chi Hang ("Mr. So") has served a further notice to the Board regarding the change of his
effective date of his resignation as an independent non-executive Director, the chairman of each of the Audit Committee and the Remuneration Committee and a member of each
of the Nomination Committee and the Risk Management Committee to 20 July 2023 due to their personal commitments; and (ii) Mr. Heng Ching Kuen Franklin ("Mr. Heng") has served a further notice to the Board regarding the change of his effective date of his resignation as an independent non-executive Director and ceased to be the chairman of
the Risk Management Committee and a member of the Audit Committee to 20 July 2023 due to their personal commitments. The Board further announces that with effect from 20 July 2023, Ms. Lee Kwai Sheung is appointed as the chairman of the Remuneration Committee.