The board of directors of Wang On Group Limited (the ‘Company’, together with its subsidiaries collectively, the ‘Group’) announced that Mr. Chan Chun Hong, Thomas (‘Mr. Chan’) has tendered his resignation as an executive Director and the Managing Director of the Company with effect from 8 February 2021 in order to devote more time to his personal commitments. The Board is also announced that with effect from 8 February 2021, Ms. Stephanie has been appointed as an executive Director. Ms. Stephanie, rejoined the Group as Chief Executive Officer ­ General Management Office in 2020. She obtained a Bachelor Degree in Finance and Marketing from The University of Washington, USA in 2008. Ms. Stephanie has extensive experience in accounting and corporate finance. She is a director of Easy One Financial Group Limited (‘Easy One’, the shares of which were listed on the Main Board of the Stock Exchange and its privatisation proposed by Caister Limited by way of a scheme of arrangement became effective on 16 October 2020) (‘Caister’, a company wholly owned by Mr. Tang Ching Ho (‘Mr. Tang’), the chairman, an executive Director and a controlling shareholder of the Company), and also a director of certain subsidiaries of Easy One. Prior to joining the Group, Ms. Stephanie worked in the financing and accounting field for around 10 years, including in a multinational corporation where she oversaw financing and accounting matters and an international accountancy firm where she participated in numerous merger and acquisition projects. Ms. Stephanie is also a director of certain subsidiaries of the Group. Pursuant to a service agreement entered into between Ms. Stephanie and the Company on 8 February 2021, Ms. Stephanie has been appointed as an executive Director for an initial term of three years commencing from 8 February 2021 and is entitled to an annual remuneration of approximately HKD 1.2 million with regard to her duties and responsibilities. Ms. Stephanie is the spouse of Mr. Tang Ho Hong, a son of Mr. Tang and Ms. Yau Yuk Yin (‘Ms. Yau’, both Mr. Tang and Ms. Yau are the executive Directors and controlling shareholders of the Company) and a niece in law of Ms. Tang Mui Fun, both Mr. Tang Ho Hong and Ms. Tang Mui Fan are senior management of the Company. The Board further announced that with effect from 8 February 2021, Mr. Cheung Chin Wa, Angus (‘Mr. Cheung’) has been appointed as the company secretary of the Company. Mr. Cheung joined the Company in February 2021 as the Group Company Secretary and is a fellow member of both The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute. Prior to joining the Group, Mr. Cheung held company secretary positions in several Hong Kong listed companies, including China Agri-Products Exchange Limited, an indirect non-wholly owned subsidiary of the Company. Immediately upon the resignation of Mr. Chan as an executive Director with effect from 8 February 2021, he has also ceased to be an authorised representative of the Company for the purposes of Rule 3.05 of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the ‘Companies Ordinance’). The Board announced that Ms. Stephanie has been appointed as an authorised representative of the Company for the purposes of Rule 3.05 of the Listing Rules and Part 16 of the Companies Ordinance with effect from 8 February 2021. Immediately upon the resignation of Mr. Chan as an executive Director with effect from 8 February 2021, the Board also announced that with effect from 8 February 2021, the composition of the executive committee (the ‘Executive Committee’), the nomination committee (the ‘Nomination Committee’) and the investment committee (the ‘Investment Committee’) of the Company has been changed as follows: 1. Mr. Chan has ceased to be a member of each of the Executive Committee, Nomination Committee and Investment Committee; and 2. Ms. Stephanie has been appointed as a member of each of the Executive Committee, Nomination Committee and Investment Committee.