Renaissance Asia Silk Road Group Limited announces that due to change in work arrangements, Dr. Wang Wei Hsin ("Dr. Wang") has been redesignated from the chief financial officer of the Company ("CFO") to a non-executive director of the Company ("NED") and the vice chairman of the Board ("Vice Chairman") with effect from the conclusion of the Board meeting held on 20 July 2022. Dr. Wang Wei Hsin, aged 56, has extensive management experience in the financial services industry. Dr. Wang is an independent non-executive director of Huscoke Holdings Limited since December 2018 ((formerly known as Huscoke Resources Holdings Limited, a company listed on the Stock Exchange, and he served as an executive director of South China Financial Holdings Limited from 2017 to 2018, the chairman and chief executive officer of SinoPac Securities (Asia) Limited from 2009 to 2016, the chief investment officer of Japan CDW Group and the chief financial officer of its Taiwan subsidiary, as well as co-founder of Yes-Asia.com and played significant role in China Development Industrial Bank.

Dr. Wang obtained a PhD in Management Science (Financial Engineering) from Imperial College London in 1999.