The board of directors of Hong Wei (Asia) Holdings Company Limited announced that Dr. Chow Ho Wan, Owen has tendered his resignation as independent non-executive Director with effect from 30 September 2022 so as to allow him to devote more time for his personal commitments. The Board also announced that Mr. Chan Tsang Mo has been appointed as an independent non-executive Director with effect from 30 September 2022. Mr. Chan, aged 38, has over 14 years of finance, accounting and treasury experience. Mr. Chan assumed various positions in professional accounting and financial firms including as a senior auditor (being mainly responsible for accounting, auditing and taxation assignments) of RSM Nelson Wheeler (principally engaged in the provision of accounting services) from December 2009 to January 2011, as a supervisor in the corporate services division (being mainly responsible for accounting, payroll, treasury and audit assignments) of Intertrust Resources Management Limited (principally engaged in the provision of legal and financial administrative services) from June 2011 to June 2013, and as an accounting manager (being mainly responsible for the management and supervision of tax and financial matters) of Reignwood International Investment (Group) Co. Ltd. (principally engaged in investment services) from October 2013 to April 2016. Since October 2017, he has been the director of Morton Professional Services Limited and is responsible for advising on company formation, business establishments and legal compliance related matters. From February 2019 to May 2020, Mr. Chan was an independent non-executive director of Hong Kong Finance Investment Holding Group Limited (currently known as Wisdom Wealth Resources Investment Holding Group Limited), a company whose issued shares were listed on the Main Board of the Stock Exchange. Mr. Chan was the company secretary and authorised representative of Optima Automobile Group Holdings Limited and Century Energy International Holdings Limited, both companies whose issued shares are listed on GEM of the Stock Exchange, from October 2019 to September 2021 and from April 2020 to
August 2021, respectively. Since January 2019, Mr. Chan has been an independent non-executive director of Geotech Holdings Ltd. (stock code: 1707), a company whose issued shares are listed on the Main Board of the Stock Exchange. Mr. Chan has also been the company secretary and authorised representative of China International Development Corporation Limited (stock code: 264) and Yues International Holdings Group Limited (stock code: 1529), both companies whose issued shares are listed on the Main Board of the Stock Exchange, since February 2018 and June 2022, respectively. From March 2020 to October 2020, Mr. Chan was an independent non-executive director of Rentian Technology Holdings Limited ("Rentian") (former stock code: 885), a company whose issued shares were listed on Main Board of the Stock Exchange before cancellation of its listing on 30 May 2022. A winding up order pursuant to the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong) (the "Winding Up Order") was made by the High Court of Hong Kong Special Administrative Region against Rentian on 21 October 2020. The Winding Up Order was made upon a winding up petition received on 19 March 2020 in respect of certain alleged indebtedness owed to certain individual bondholders amounting to approximately HKD 195 million. The official receiver was appointed as the provisional liquidator of Rentian on 21 October 2020. Please refer to the announcement issued by Rentian dated 21 October 2020 for further
information in relation to the winding up proceedings. Rentian was incorporated in the Cayman Islands with limited liability and, together with its subsidiaries, were principally engaged in the business of provision of integrated smart internet-of-things solutions to enterprise customers, human- machine interactive devices, intelligent documentation services, security investment and money lending in Hong Kong and China prior to the cancellation of its listing. According to Mr. Chan, he is not a party to such winding up proceedings and is not aware of any current or potential claim that has been or will be made against him as a result of such proceedings. Mr. Chan tendered his resignation letter as an independent non-executive director to Rentian on 22 October 2020. Mr. Chan has been admitted as a member of the Hong Kong Institute of Certified Public Accountants in January 2010 and is currently a practicing member of the Hong Kong Institute of Certified Public Accountants. Mr. Chan graduated from the City University of Hong Kong with a Bachelor of Business Administration degree in Accountancy in November 2006. Following the above mentioned change of Directors, the composition of the board committees of the Company has been changed as follows with effect from 30 September 2022: Dr Chow Ho Wan, Owen has ceased to be the chairman of the audit committee and a member of each of the nomination committeeand the remuneration committee of the Board; Mr. Chan has been appointed as the chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee.