Guotai Junan Securities Co., Ltd. at the EGM held on 30 November 2023 approved appointment of Mr. PU Yonghao (Mr. PU) as an independent non-executive Director of the Company commences from 30 November 2023 until the date of expiration of the sixth session of the Board. Mr. PU Yonghao, aged 66, Hong Kong resident, holds a master degree in economics from Xiamen University and a master degree in science (demography) from The London School of Economics and Political Science. Mr. PU is the vice chairman of the Chinese Financial Association of HongKong with over 20 years of experience in investment banks holding senior positions.

Mr. PU successively served as a senior economist and the vice president of Bank of China International (UK) Limited, a senior economist of Nomura International (Hong Kong) Limited, a senior consultant of Asian Development Bank, the managing director and the APAC chief investment officer, the chief investment strategist and the head of the APAC wealth management research department of UBS, and the founder and chief investment officer of Fountainhead Partners Company Limited. He has served as a senior advisor of Fountainhead Partners Company Limited since February 2018, the managing director of Breamar Wealth Consulting Limited since May 2018, an independent non-executive director of Huafa Property Services Group Company Limited since June 2020, and an independent non-executive director of Interra Acquisition Corporation since September 2022. Following the appointment of Mr. PU as an independent non-executive Director at the EGM, Mr. LEE Conway Kong Wai resigned as an independent non-executive Director and the chairman of the Audit Committee of the Board as he has been serving as an independent non-executive Director consecutively for six years.

Mr. LEE Conway Kong Wai has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the Shareholders of the Company.