The Board of Pa Shun International Holdings Limited announced that with effect from 10 March 2023: Ms. Luo Ke has resigned as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee, the Nomination committee and the CG Committee; Mr. Ding Qing has resigned as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the CG Committee; Mr. Khor Khie Liem Alex has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the CG Committee; and Ms. Li Yan has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee, the Nomination Committee and the CG Committee. Mr. Khor Khie Liem Alex (formerly known as Mr. Khor Kee Lin), aged 54, has accumulated more than 20 years of working experience in the fields of finance, capital market, financial reporting and financial compliance services. Mr. Khor has been the founding director of KBS Capital Partners (Singapore) Pte. Ltd. ("KBS Capital") since July 2004, which principally provides accounting, tax, company secretarial compliance services, and corporate advisory services, including initial public offering facilitation, merger and acquisition services and project financing services. Mr. Khor has completed various initial public offering, merger and acquisition and project fund-raising transactions for KBS Capital's clients from Singapore, Malaysia and China. Mr. Khor has been appointed as an independent non-executive director of Sanai Health Industry Group Company Limited, a company listed on the Main Board of the Stock Exchange
(stock code: 1889) with effect from February 2021; and an independent non-executive director of Xinming China Holdings Limited, a company listed on the Main Board of the Stock Exchange with effect from August 2021. Prior to founding KBS Capital, Mr. Khor was the group financial controller of CFM Holdings Limited between 2002 and 2004, the group financial controller of TEE International Limited between 2000 and 2002, and the regional financial controller of Showpla Asia Limited between 1997 and 2000, all of which are listed on The Singapore Exchange Limited. Mr. Khor was admitted as an associate and a fellow member of the Association of Chartered Certified Accountants in 1999 and 2002, respectively. He obtained a Master of Business Administration from University of Leicester, United Kingdom in 2004. Currently, he is a Chartered Accountant of both the Institute of Singapore Chartered Accountants and the Malaysian Institute of Accountants. Ms. Li Yan, aged 45, graduated from the Wuhan Institute of Chemical Technology () (currently known as Wuhan Institute of Technology) in July 2000 with a bachelor's degree in accounting. Ms. Li has been a Chinese Certified Public Accountant since 2002 and a Certified Financial Manager since 2014. She started to work in auditing in 2000 and worked in a well-known domestic accounting firm. Ms. Li has been engaged in accounting and financial management since 2008. She has been appointed as the chief financial officer of a number of listed companies, and she led or participated in a number of investment, financing and merger and acquisition projects, and participated in a number of corporate restructuring and initial public offering projects of these companies.