The board of directors of B & D Strategic Holdings Limited announced that with effect from 4 December 2023, Dr. Hiroshi Kaneko has been appointed as an executive Director of the Company; and each of Mr. Jin Fan, Mr. Sung Ka Woon and Mr. Yiu To Wa has been appointed as an independent non-executive Director of the Company. Dr. Kaneko, aged 59, has extensive research experience in the field of environment, development and economic science in Japan, China and Northern America. He has been engaged in comprehensive utilization of environmental friendly materials and international trade.

He is currently a vice president and chief financial officer of Kyosei-Bank Co and is mainly responsible for overseeing the financial aspects of new business development. Dr. Kaneko has been appointed as an executive director and the chief executive of Fullsun International Holdings Group Co., Limited, since 26 July 2023. During the period from 20 November 2021 to 4 October 2023, Dr. Kaneko was the executive director of Hong Wei (Asia) Holdings Company Limited.

Dr. Kaneko received a Master of Engineering from Dalian University of Technology in 1989 and a doctoral degree in Engineering from the Department of the Advanced Interdisciplinary Studies from University of Tokyo in 1997. The Company has entered into a contract for appointment with Dr. Kaneko in respect of his directorship. There is no specific length of service for Dr. Kaneko pursuant to his contract for appointment and he will hold office until the next following annual general meeting of the Company and shall then be eligible for re-election.

Dr. Kaneko will also be subject to retirement by rotation and re-election pursuant to the second amended and restated articles of association of the Company. Mr. Jin, aged 36, was the legal representative of Suzhou Jinjude Information Consulting Co. Ltd. during the period from December 2020 to September 2021, and the materials department specialist of Suzhou Rail Transit Operation Company from July 2012 to July 2015.

Mr. Jin graduated from Jilin University in July 2015 with a bachelor's degree in administration. The Company has entered into a contract for appointment with Mr. Jin for an initial term of two years from 4 December 2023. The contract of appointment may be terminated by, among other factors, either party by written notice of one month.

Mr. Jin is subject to retirement by rotation and re-election in annual general meetings of the Company in accordance with the second amended and restated articles of association of the Company and the Listing Rules. Mr. Sung, previously known as Song Li, aged 52, has extensive experience of social services and corporate management. Mr. Sung is currently an independent non-executive director of Simcere Pharmaceutical Group Limited and China Harmony Auto Holding Limited.

Mr. Sung obtained an executive master of business and administration degree from Antai College of Economics & Management, Shanghai Jiao Tong University in the People's Republic of China (the PRC) in December 2011, completed the part-time postgraduate studies majoring in economic management from Party School of the Central Committee of CPC in the PRC in January 1996 and obtained a bachelor's degree of machinery design and automation from Northeastern University (previously known as Northeastern Institute of Technology in the PRC in July 1993. The Company has entered into a contract for appointment with Mr. Sung for an initial term of two years from 4 December 2023. The contract of appointment may be terminated by, among other factors, either party by written notice of one month.

Mr. Sung is subject to retirement by rotation and re-election in annual general meetings of the Company in accordance with the second amended and restated articles of association of the Company and the Listing Rules. Mr. Yiu, aged 41, obtained his bachelor's degree of business administration in professional accountancy program from The Chinese University of Hong Kong in 2005 and has been a certified public accountant of Hong Kong Institute of Certified Public Accountants since 2008. Mr. Yiu has over 15 years of experience in financial accounting and auditing of listed companies in Hong Kong.

Mr. Yiu is currently an independent non-executive director of China Environmental Energy Investment Limited and Yuk Wing Group Holdings Limited. He was an executive director of DeTai New Energy Group Limited, from May 2021 to July 2021. The Company has entered into a contract for appointment with Mr. Yiu for an initial term of two years from 4 December 2023.

The contract of appointment may be terminated by, among other factors, either party by written notice of one month. Mr. Yiu is subject to retirement by rotation and re-election in annual general meetings of the Company in accordance with the second amended and restated articles of association of the Company and the Listing Rules. Upon the above appointment of Directors becoming effective, Mr. Tang Wing Kwok has resigned as the chairman of the Board, an executive Director, and the chairman of the nomination committee of the Board; Mr. Lo Wing Hang has resigned as the vice chairman of the Board and an executive Director of the Company, and a member of the Remuneration Committee; Mr. Yeung Tze Long has resigned as an independent non-executive Director, the chairman of each of the audit committee of the Board and the Remuneration Committee; Mr. Chan Pui Hang Ian has resigned as an independent non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; and Ms. Li Yuen Shan has resigned as an independent non-executive Director, a member of each of the Audit Committee and the Nomination Committee.