Goldstone Capital Group Limited announced that with effect from 1 December 2022, Ms. Guo Yanchun ("Ms. Guo") resigned as a non-executive Director. The resignation of Ms. Guo was due to her other personal and business commitments, which require more of her time and dedication. The Board announced that with effect from 1 December 2022, Mr. Xu Lin has been appointed as a non-executive Director.

Mr. Xu, aged 62, graduated from Xian Political College, the People's Republic of China (the "PRC") with a degree of Bachelor of Laws and held a Postgraduate Certificate in Business Administration from The Capital University of Economics and Business in the PRC. Mr. Xu is currently the chairman of Yunnan Jinggu Forestry Co. Ltd. ("Yunnan Jinggu"), a company listed on the Shanghai Stock Exchange.

Mr. Xu has extensive working experience and experience in policy making. He had worked as a director of business development of CITIC Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, the vice-president of Kaisa Group Holdings Limited, a company listed on the Main Board of the Stock Exchange, the chairman of Kaisa Financial Group Company Limited, a subsidiary of Kaisa Group, the senior vice-president and the president of China of Chow Tai Fook Enterprises Limited, a subsidiary of a substantial shareholder of Chow Tai Fook Jewellery Group Limited, a company listed on the Main Board of the Stock Exchange, and a general manager of Chow Tai Fook Investment Limited. With the exposure to various positions, Mr. Xu has solid foundation in economic theory and rich experience in management.

Mr. Xu is also the vice-chairman of Enterprise Directors Association of Guangdong-Hong Kong-Macau Greater Bay Area. Since October 2020, Mr. Xu has held the position as a non-executive director of Hao Tian International Construction Investment Group Limited, a company listed on the Main Board of the Stock Exchange. Since December 2020, Mr. Xu has held the position as the chairman of Yunnan Jinggu.

Since March 2022, Mr. Xu has held the position as an independent non-executive director of China United Venture Investment Limited ("China United") (formerly known as Glory Mark Hi-Tech (Holdings) Limited). From April 2020 to February 2021, Mr. Xu was an executive director and the executive vice chairman of DTXS Silk Road Investment Holdings Company Limited. From March 2020 to July 2020, he was an independent non-executive director of Lamtex Holdings Limited (in liquidation) ("Lamtex").

From October 2019 to March 2020, Mr. Xu was an executive director of Zhaobangji Properties Holdings Limited, a company listed on the Main Board of the Stock Exchange. Mr. Xu and Mr. Huang Bin, the chairman of the Board and a non-executive Director, have common directorship in China United. The Board announced that on 1 December 2022, the Board received a resignation letter dated 1 December 2022 from Ms. Ma Yin Fan ("Ms. Ma") that she intended to resign as an independent non-executive Director and the chairman of the audit committee of the Board (the "Audit Committee") with effect from 31 December 2022.

Subsequent to the resignation of Ms. Ma which will take effect from 31 December 2022, Ms. Wan Yuk Ling ("Ms. Wan") will be appointed as an independent non-executive Director and the chairman of the Audit Committee with effect from 31 December 2022. Ms. Wan, aged 50, is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of The Association of Chartered Certified Accountants. Ms. Wan has around 15 years of experience in investment banking, asset management and equity capital markets.

From July 2020 to November 2022, Ms. Wan held the positions as a chief operating officer and the responsible officer at Theia Securities Limited (previously known as GuanHong Securities Limited), a company incorporated in Hong Kong with limited liability and a corporation licensed to carry out Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and was primarily responsible for overseeing the operations, settlement and finance department, credit risk management of margin financing business and managing securities portfolio workflow.