The board (the ``Board'') of directors (the ``Directors'') of Yincheng International Holding Co., Ltd. (the ``Company'') hereby announces that Mr. Yim Hong Cheuk Foster (``Mr. Yim'') has been appointed as an independent non-executive director of the Company with effect from 10 June 2022. Mr. Yim, aged 42, received his degree of Bachelor of Arts in Translation at Lingnan
University in November 2002, degree of Master of Arts in Philosophy at the University of Nottingham in December 2003 and degree of Master of Science at the Chinese University of
Hong Kong in December 2006. He was then admitted to the J. D. degree at the Chinese University of Hong Kong in December 2009 and obtained the Postgraduate Certificate in Laws from the same university in July 2010. Mr. Yim was admitted and enrolled as a barrister of the High Court of Hong Kong in May 2011, and is currently a counsel at Liberty Chambers with over 10 years of experience in the legal profession. He is a fellow of both Hong Kong Institute of Arbitrators and Hong Kong Securities and Investment Institute. Mr. Yim also has over seven years of experience in public service, professional and education institutions. He is currently the chairman of the Appeal Tribunal Panel established under section 45 of the Buildings Ordinance (Chapter 123 of the Laws of Hong Kong), the legal consultant of the Junior Police Officers' Association of the Hong Kong Police Force, the honourary legal consultant of the H.K.S.A.R. Government Traffic Wardens General Union and the secretary general of Legal Profession Advancement Association Limited. Additionally, he is a director of Hong Kong Education City Limited, a member of the Joint CUHK-NTEC Clinical Research Ethics Committee, a member of the Advisory Committee of the Master Programmes offered by the School of Translation of The Hang Seng University of Hong Kong, a director of both Lingnan Hang Yee Memorial Secondary School and the Lingnan Education Organisation, a member of the Advisory Board for the Department of Translation of Lingnan University and a member of the Court of Lingnan University. Mr. Yim has entered into a letter of appointment (the ``Letter of Appointment'') with the Company for a term of three years commencing from 10 June 2022 subject to early termination in accordance with the terms of the Letter of Appointment, retirement by rotation and re-election and other related provisions as stipulated under the Articles of Association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ``Listing Rules''). Mr. Yim is entitled to (i) a director's fee of HKD 300,000 per annum, which was determined by the Board based on the recommendations of the remuneration committee of the Board and with reference to his role, qualification, level of experience, the contribution to be made by him to the Company andthe prevailing market conditions; and (ii) the reimbursement of reasonable expenses incurred
for the discharge of his duties or for the purpose of the Company's operation, under the Letter of Appointment.