The board of directors of TFG International Group Limited announced that Mr. Tam Ka Wai (‘Mr. Tam'), has been appointed as an executive Director and a member of executive committee (the ‘Executive Committee') of the company with effect from 3 March 2023. Mr. Tam Ka Wai, aged 35, graduated from the Huaqiao University in Fujian Province, The People's Republic of China with a bachelor's degree in economics. Mr. Tam has extensive experience in business operation, development, marketing and management.

Prior to joining the Company, Mr. Tam has been appointed as a director of Golden Shining Investment Limited, since January 2014, and a director of GBA Cultural Residence Holdings Limited, since October 2018. Mr. Tam is responsible for overseeing the day-to-day operations, formulating operational strategies and business management of the aforementioned companies. The board announced that Mr. Wong Yuk Lun, Alan (‘Mr. Alan Wong') has been appointed as non-executive Director of the company with effect from 3 March 2023.

Mr. Wong Yuk Lun, Alan, aged 48, graduated from the University of Sunderland with a bachelor's degree in accounting and finance. Mr. Alan Wong had been working with various accounting firms and commercial companies, and has over 20 years of experience in merger and acquisitions, financial management, taxation, audit and non-audit services. Mr. Alan Wong has served as an executive director of NOVA Group Holdings Limited, since July 2020.

Mr. Alan Wong has also served as an independent non-executive director of Huisheng International Holdings Limited, since July 2017, Smart City Development Holdings Limited, since July 2019, and Kin Shing Holdings Limited, since December 2021. Mr. Alan Wong has also served as an independent non-executive director of Temir Corp., since July 2019. Mr. Alan Wong was formerly an independent non-executive director of TUS International Limited (currently known as Titan Invo Technology Limited) from September 2014 to July 2020.

The board announced that Ms. Chan Chu Hoi (‘Ms. Chan') has been appointed as an independent non-executive Director, the chairman of nomination committee (the ‘Nomination Committee') of the company, a member of audit committee (the ‘Audit Committee') of the Company and a member of Remuneration Committee with effect from 3 March 2023. Ms. Chan Chu Hoi, aged 62, is a member of the Hong Kong Institute of Certified Public Accountants (‘HKICPA'). Ms. Chan has over 20 years' experience in financial management, accounting, internal control and auditing.

Prior to joining the Company, Ms. Chan worked as an accounting and administrative manager of a subsidiary of Exide Technologies, from August 1999 to December 2010. Ms. Chan was also appointed as a manager of an accounting firm in Hong Kong from February 2011 to February 2014. During her tenure of services in the accounting firm, Ms. Chan was responsible to carry out audit and assurance services, and set up and implement the quality control policy of the firm.

From March 2014 to May 2015, Ms. Chan worked as a senior accounting manager at a property investment company in Hong Kong. From June 2015 to April 2017, Ms. Chan was appointed as a senior manager of the securities division of a subsidiary of the Company. From November 2019 to November 2022, Ms. Chan was appointed as an independent non-executive director of China Resources and Transportation Group Limited.

From May 2020 to July 2020, Ms. Chan was appointed as an independent non-executive director of China Gem Holdings Limited. The board announced that (1) Mr. Wong Kui Shing, Danny (‘Mr. Danny Wong') has resigned as a non-executive Director, and (2) Mr. Sung Yat Chun (‘Mr. Sung') has resigned as an independent non-executive Director, the chairman of Nomination Committee, and a member of the Audit Committee and a member of the Remuneration Committee, respectively with effect from 3 March 2023 in order to focus on their other business engagements. Change in the composition of board committees: Mr. Tam has been appointed as a member of Executive Committee with effect from 3 March 2023.

Ms. Chan has been appointed as the chairman of Nomination Committee, a member of Audit Committee and a member of Remuneration Committee with effect from 3 March 2023. Mr. Sung has resigned as the Chairman of Nomination Committee, a member of Audit Committee, and a member of Remuneration Committee with effect from 3 March 2023.