IBO Technology Company Limited announces the following changes in the Board all with effect from 3 July 2023: Mr. Teng Feng has resigned as an executive Director; Mr. Liu Ping has resigned as an independent non-executive Director; Mr. Jin Zi has been appointed as an independent non-executive Director. The biographical details of Mr. Jin are set out below: Mr. Jin, aged 40, obtained a Bachelor of Science Honors degree in E-Commerce from the University of Nottingham in June 2004 and a Master of Science in Analysis, Design and Management of Information System from the London School of Economics in January 2006. Mr. Jin is the co-founder of Coronation Capital Limited in October 2020 and is currently the responsible officer of Coronation Capital Limited since December 2021.

From September 2006 to August 2007, Mr. Jin was an analyst at the Royal Bank of Scotland (Formerly ABN Amro Bank). From September 2007 to August 2010, Mr. Jin provided trading support in Commerzbank AG. From September 2010 to January 2020, Mr. Jin acted as the executive director of J.P. Morgan Chase Bank, Private Banking.

Mr. Jin has extensive experience in asset management, global asset allocation, investment advisory and research on global macro and investment strategies. Mr. Jin will serve as an independent non-executive Director for a term of 3 years commencing from 3 July 2023. He is entitled to a director's fee of HKD 200,000 per year, which is determined by the Board on the recommendation of the remuneration committee of the Company (Remuneration Committee) with reference to his qualifications, experience, duties and responsibilities assumed, as well as the prevailing market conditions.