The board of SDM Education Group Holdings Limited announced that with effect on 8 May 2024 Mr. Sun Banggui has been appointed as a non-executive Director of the Company. Mr. Sun, formerly known as Sun Bangshi, aged 47, obtained a tertiary degree in Business Administration from Nankai University. Mr. Sun worked for Zhong Qin International Company and was responsible for, among others, investment analysis and post-investment project supervision during November 2014 to March 2016. Mr. Sun acted as Investment Director for Shenzhen Huaxinxingye Investment Management Company Limited during May 2009 to November 2014. Mr. Sun was an executive director of HSC Resources Group Limited from December 2021 to May 2022. Saved as disclosed, Mr. Sun had not been a director of any other listed company for the last preceding three years. Mr. Sun has entered into a letter of appointment with the Company. The principal particulars of the appointment letter are (a) for a term of one year commencing from 8 May 2024, which may be terminated by not less than one month's notice served by either party on the other; and (b) subject to termination provisions therein and provisions on retirement by rotation of Directors as set out in the second amended and restated memorandum and articles of association of the Company. He will be entitled to a basic salary as a non-executive director of HKD 50,000 per annum. Mr. Sun may receive bonus, share options or other share-based incentives in addition to his normal remuneration, such awards are subject to the sole discretion of the Board and dependent on certain factors, including but not limited to, the operating results and requirements of the Group. Mr. Sun's remuneration has been reviewed by the Remuneration Committee of the Company and is determined by the Board with reference to market rates as well as his
qualifications and experience.