Ruixin International Holdings Limited announced that Mr. Leung Ka Tin has been appointed as an independent non-executive Director, a member of the audit committee (the "Audit Committee") of the Board, a member of the remuneration committee (the "Remuneration Committee") of the Board and a member of the investment committee (the "Investment Committee") of the Board, all with effect from 1 November 2022. Leung, aged 68, holds a Diploma in Management Studies, and has over 35 years of management experience in banking, treasury operation, project finance, telecommunication, corporate finance, logistics and human resources. He was a member of the senior management teams in various financial institutions, including FPB Asia Limited, Nedcor (Asia) Limited, BfG: Finance Asia Limited, and Delta Asia Financial Group, as well as of companies in the logistics and telecommunication sectors, including EAS Da Tong Group and Trident Telecom Ventures Limited.

Mr. Leung's extensive experience covers both professional management and entrepreneurship, and he has a thorough understanding of the manufacturing market. Mr. Leung is currently an independent non-executive director of China Apex Group Limited since February 2016 and an independent non-executive director of PanAsialum Holdings Company Limited (stock code: 2078) since February 2017, all of which are listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Mr. Leung has entered into an appointment letter with the Company as an independent non-executive Director for a term of three years with effect from 1 November 2022 and shall retire and be subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the bye-laws of the Company.

As set out in the Appointment Letter, Mr. Leung is entitled to a director's fee of HKD 90,000 per annum, which was determined by the Board based on the recommendation of the Remuneration Committee with reference to Mr. Leung's qualifications and experience, his duties and responsibilities, prevailing market conditions and remuneration benchmarks in the industry.