The board of directors of China Uptown Group Company Limited announces that: Mr. Cheng Chi Kin (Mr. Cheng) was appointed as an executive Director of the company with effect from 17 June 2022; Mr. Lee Chun Tung (Mr. Lee) (formerly as, Li Chun Chiu) was appointed as an independent non-executive Director, a member of each of the audit committee of the Company, the remuneration committee of the Company and the nomination committee of the Company with effect from 17 June 2022; Mr. Char Shik Ngor, Stephen ("Mr. Char") resigned as an independent non-executive Director with effect from 30 June 2022 because he has to attend to other important personal matters; Mr. Char ceased to be the chairman of the nomination committee of the Company, and a member of each of the audit committee of the Company and the remuneration committee of the Company with effect from 17 June 2022; and Mr. Pan Shimin, an executive Director, resigned as the chief executive officer of the Company and was appointed as the chairman of the nomination committee of the Company with effect from 17 June 2022. Mr. Cheng, aged 54, has over 28 years of working experience in various industries including corporate governance in listed companies, real estate developments, infrastructure developments and management, real estate investment trusts (REITS), asset management, banking and corporate finance, securities investments and natural resources etc. Mr. Cheng has been the chairman and an executive director of each of De Tai New Energy Group Limited and Affluent Partners Holdings Limited since August 2021 and September 2019 respectively. Mr. Cheng was a non-executive director of IRC Limited from February 2017 to March 2020 and an executive director of Ming Lam Holdings Limited from February 2017 to August 2018. Mr. Cheng previously held other positions in Kingston Securities Limited, Australian Property Development Company, Yuexiu REIT Asset Management Limited, Zhongrong International Asset Management Limited, CITIC Ka Wah Bank and BNP etc. He obtained a Degree in Business Studies from University of Glamorgan in 1992 and a Master
Degree in Business Administration from Cardiff Business School in 1993. He is a fellow member of The Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of International Accountants. He is also a member of Institute of Management
Accountants. Mr. Lee, aged 51, obtained a Master's degree of science in financial engineering from City University of Hong Kong in 2007. He was awarded the Bachelor's (Honour) degree in accounting and finance from Manchester Metropolitan University in 1994. Mr. Lee was the senior vice president of Eternal Sincere Finance Limited from May 2019 to 12 June 2022. He was a chief operating officer of BOA Financial Group Limited from September 2017 to May 2019, a director of the synthetic prime service of Haitong International Securities Company Limited during December 2015 to September 2017, a director of global commodities division of China Merchants Securities (HK) Co. Ltd. during April 2014 to December 2015, an operations manager of QRMO (Quality Risk Management & Operations) from June 2013 to April 2014, a director of finance and treasury division of BOC International Holdings Limited during August 2006 to June 2013, an assistant manager of the risk management department of Mizuho Securities Asia Limited from September 2005 to June 2006 and controller of Hong Kong product control division, Singapore financial control division and Hong Kong financial control division of Credit Suisse First Boston (HK) Ltd. during May 2004 to October 2004, October 2002 to April 2004 and December 1999 to October 2002 respectively. Mr. Lee has extensive experience in internal control, risk management and regulatory compliance.