The board of directors of Coolpad Group Limited announced that Mr. Chan King Chung has resigned as an independent non-executive Director and the chairman of each of the audit committee the remuneration committee and the nomination committee of the Board with effect from 30 June 2022, as he wishes to devote more time to his other commitments. Mr. Chan has resigned from his position as the chairman of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Guo Jinghui, an independent non-executive Director, has been appointed as a member of each of the Audit Committee and the Remuneration Committee with effect from 30 June 2022.

Mr. Ngai Tsz Hin Michael, an independent non-executive Director, has been appointed as a member of the Nomination Committee with effect from 30 June 2022. To fill the vacancy in the chairmanship of the Audit Committee, the Remuneration Committee and the Nomination Committee after the resignation of Mr. Chan, the Board has appointed Mr. Chiu Sin Nang Kenny, an independent non-executive Director, as the new chairman of the Audit Committee and the Remuneration Committee and has appointed Mr. Ngai Tsz Hin Michael, an independent non-executive Director, as the new chairman of the Nomination Committee, with effect from 30 June 2022. Mr. Chiu Sin Nang Kenny has over 30 years of experience in accounting.

He is a fellow member of the Hong Kong Institute of Certified Public Accountants and the CPA Australia.