Trio Industrial Electronics Group Limited announced that with effect from 1 September 2022: Mr. Lo Ka Kei Jun (Mr. Lo) will be appointed as an executive Director of the Company, Mr. Kwan Tak Sum Stanley (Mr. Stanley Kwan) will be appointed as a non-executive director, Mr. Stanley Kwan will be appointed as a member of the remuneration committee of the Company (the Remuneration Committee) and Mr. Tai Leung Lam (Mr. Tai) will be appointed as a member of the nomination committee of the Company (the Nomination Committee). Mr. Lo, aged 43, has joined the Group since February 2006 and is currently the director of the Marketing Division. He is also a director of certain subsidiaries of the Company.

Mr. Lo obtained a Bachelor of Arts degree in business management in September 2002 from the Southampton Institute in the United Kingdom, a master degree in management and a master degree in business administration from Macquarie University in Australia in November 201 and December 2014, respectively. He has around 18 years of experience in international marketing and business development in the electronics industry. Mr. Lo has entered into a service agreement with the Company commencing from 1 September 2022.

The service agreement may be terminated by either party giving to other no less than three months' prior notice in writing. He will be subject to retirement by rotation and re-election at the Company's annual general meeting in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. He is entitled to a remuneration of HKD 105,000 per month, plus allowance and bonus, which is determined by arm's length negotiation between Mr. Lo and the Company and with reference to his duties and responsibilities.

The amount of the remuneration has been approved by the Board with the authorisation of the Company's shareholders (the Shareholders) and recommendation from the Remuneration Committee with reference to Mr. Lo's experience and prevailing market levels. The biographical details of Mr. Stanley Kwan are set out below: Mr. Stanley Kwan, aged 68, is one of the founders of the Group and was the chairman of the Board, CEO, executive Director of the Company, director of marketing, member of the Remuneration Committee, chairman of the Nomination Committee and chairman of the Risk Management Committee before he retired on 25 May 2018. He obtained a diploma in management studies in the Hong Kong Polytechnic (now known as Hong Kong Polytechnic University) in September 1993 and has over 30 years of experience in the electronics industry, in particular plastic injection moulding and electronic assembly services.

Mr. Stanley Kwan has entered into a letter of appointment with the Company for a term of three years commencing from 1 September 2022 (the Letter of Appointment). The Letter of Appointment may be terminated by either party giving to the other no less than three months' prior notice in writing. He will be subject to retirement by rotation and re-election at the Company's annual general meeting in accordance with the articles of association of the Company and the Listing Rules.

Pursuant to the Letter of Appointment, Mr. Stanley Kwan is entitled to a Director's fee of HKD 20,000 per month, which has been approved by the Board with the authorisation of the Shareholders and recommendation from the Remuneration Committee with reference to Mr. Stanley Kwan's experience and prevailing market levels. The Board further announces that Mr. Stanley Kwan will be appointed as a member of the Remuneration Committee and Mr. Tai will be appointed as a member of the Nomination Committee with effect from 1 September 2022.