The board of directors of EFT Solutions Holdings Limited announced that Mr. Tso Ping Cheong Brian resigned as an independent non-executive Director and the chairman of audit committee of the Company with effect from 18 January 2024. The resignation of Mr. Tso was due to his other business engagements which require more of his time and dedication. The Board also announced the Board has resolved on 18 January 2024 to appoint Mr. Chow Ka Wo Alex as an independent non-executive Director and the chairman of audit committee of the Company with effect from 18 January 2024.

Mr. Chow Ka Wo, Alex, aged 56, has over 25 years of experiences in financial management and corporate finance. Mr. Chow is the founder and a director of Karl Thomson Financial Advisory Limited and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the SFO) in Hong Kong. He is also the director and chief financial officer of Innovation Education Open-Ended Fund Company.

Mr. Chow previously served as an executive director and chief financial officer of Shenyang Public Utility Holdings Company Limited from February 2009 to June 2013, and Sino Katalytics Investment Corporation (currently known as Capital VC Limited) from September 2005 to March 2010. Mr. Chow holds a Bachelor of Arts degree in Applied Mathematics and Economics from the University of California, Berkeley in the USA awarded in May 1990 and a Master of Arts degree in Economics from the Cornell University in the USA awarded in August 1992.