China United Venture Investment Limited announced Ms. Yeung Sum ("Ms. Yeung") has been appointed as an independent non-executive director, a chairlady of the audit committee and a member of the strategy and development committee of the Company with effect from the date of resumption of trading in the Shares (i.e. 14 June 2024). Ms. Yeung, aged 50, has more than 20 years of experience in the fields of risk management, audit, finance and internal control. She was a founding partner of the business risk-advisory practices of both Hong Kong and China offices, and a lead partner in the business risk-advisory practices of South China when she was with one of the four largest renowned accounting firms. Ms. Yeung has been an independent non-executive director of Freetech Road Recycling Technology (Holdings) Limited since August 2012, and is currently the chair of the audit committee and a member of the remuneration committee of Freetech.

Ms. Yeung obtained a bachelor degree in commerce majoring in finance and accounting from University of Auckland in May 1995. She has been a certified public accountant certified by the American Institute of Certified Public Accountants since April 2006, and a certified internal auditor awarded by the Institute of Internal Auditors since November 2002. Following the appointment of Ms. Yeung as an independent non-executive director of the Company on the date of resumption of trading in the Shares (i.e. 14 June 2024), Ms. Yeung has also been appointed as a chairlady of the Audit Committee with effect from the same date.

Ms. Yeung, together with Dr. Yan Ka Shing ("Dr. Yan", who has been serving as the chairman of the Audit Committee since 3 March 2020), shall together lead the Audit Committee in their capacities as co-chair of the Audit Committee. Dr. Yan will continue to act as the chairman of the Company 's remuneration committee and nomination committee, and a member of its executive committee and Strategy and Development Committee. Ms. Yeung has also been appointed as a member of the Strategy and Development Committee with effect from the date of resumption of trading in the Shares (i.e. 14 June 2024).

Furthermore, with effect from 19 June 2024, Mr. Zhang De An has ceased to act as a member of the Strategy and Development Committee, and Ms. Lo Choi Ha has ceased to act as a member of each of the Executive Committee and the Strategy and Development Committee, so that they could better focus on their respective roles in the board committees of the Company of which each of them will continue to remain as a member. The Board believes that such changes in the composition of the board committees of the Company could facilitate a more effective segregation of duties.