The board of Huajin International Holdings Limited hereby announced that Mr. Tam Yuk Sang Sammy (Mr. Tam) has tendered his resignation as the independent non-executive Director, the chairman of the audit committee and the remuneration committee, and a member of the nomination committee of the Company with effect from 17 March 2023 in order to devote more time to pursue his other business and personal commitments. The Board announced that Mr. Suen To Wai (Mr. Suen) has been appointed as the independent non-executive Director of the Company with effect from 18 March 2023. Mr. Suen, aged 49, received tertiary education both in Hong Kong and Australia.

Mr. Suen obtained a bachelor's degree in commerce from The University of Western Australia in March 2001. Mr. Suen is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Suen has over 15 years of experience in finance and accounting.

He also worked at an international audit firm from January 2001 to July 2013. Mr. Suen is currently an independent non-executive director of MingZhu Logistics Holdings Limited, a company whose shares are listed on Nasdaq, since September 2020 and an independent non-executive director of Huisen Household International Group Limited, a company whose shares are listed on the Main Board of the Stock Exchange, since December 2020. Mr. Suen is an independent non-executive director of China Zenix Auto International Limited (a company whose American depositary shares were previously listed on the New York Stock Exchange under the stock code "ZX" but were subsequently delisted in December 2018, and then were quoted on the over-the-counter markets under the stock code "ZXAIY" but were subsequently delisted in January 2022) since April 2018.

Mr. Suen is an independent non-executive director of Ping An Securities Group (Holdings) Limited (Ping An Securities), a company whose shares were previously listed on the Main Board of the Stock Exchange but were subsequently delisted in November 2022, since February 2020. Ping An Securities was incorporated in Bermuda with limited liability. According to the 2020 annual report of Ping An Securities, Ping An Securities and its subsidiaries mainly engaged in the business of provision of securities brokerage, securities underwriting and placements and financial advisory services, insurance brokerage service and property development.

In July 2020, Ping An Securities received a petition filed with the High Court of The Hong Kong Special Administrative Region by a petitioner applying for winding up of Ping An Securities. The Petition was filed against Ping An Securities on the principal ground that Ping An Securities has failed to pay the amount of HKD 10,000,000, being the principal amount of the bond issued by Ping An Securities to the petitioner together with interest accrued thereon. On 10 May 2021, Ping An Securities was ordered to be wound up by the Court and on 19 August 2021, a regulating order was granted by the Court appointing the liquidators.

The listing of its shares was subsequently cancelled on 7 November 2022. Mr. Suen confirmed that (i) he was not a party to such winding-up petition and there is no wrongful act on his part leading to the cancellation of listing and liquidation of Ping An Securities; and (ii) he is not aware of any actual or potential claim that has been or will be made against him as a result of the cancellation of listing and liquidation of Ping An Securities. The Board announced that Mr. Suen has been appointed as the chairman of the audit committee and the remuneration committee, and a member of the nomination committee of the company with effect from 18 March 2023.