Huiyin Holdings Group Limited announced that Mr. Han Weiye (``Mr. Han'') is appointed as executive Director, a member of each of the remuneration committee of the Company, the nomination committee of the Company and the strategy development committee of the Company with effect from 10 June 2022; and Mr. Su Jiang (``Mr. Su'') is appointed as executive Director, a member of the strategy development committee of the Company with effect from 10 June 2022. Mr. Han, aged 56, has accumulated over 20 years of working experience in overseas trading. Since 2008, Mr. Han has served as the assistant to the president of Yunying Investment Group Co.

Ltd. From 1995 to 2003, Mr. Han was engaged in China-Africa trade and Russia-Africa trade in Kenya, East Africa. The Company has entered into a service agreement with Mr. Han for a term of three years commencing from 10 June 2022, which may be terminated by either party giving to the other not less than one month's prior notice in writing. Mr. Han is entitled to a monthly salary of HK$10,000 on a thirteen months' basis with discretionary bonus which was determined by the Board with recommendation of the remuneration committee of the Company after considering a range of factors including his experience, his duties and responsibilities in the Group, the remuneration structure of the Group and levels of remuneration for peers in the market.

His directorship is subject to retirement by rotation and re-election of the Company in accordance with the articles of association of the Company (the ``Articles''). Mr. Su, aged 51, has nearly 20 years of working experience in commercial trade, engineering and oil products trading in the PRC and overseas, and has extensive industry knowledge. From March 2020 to June 2022, Mr. Su was the manager of the executive department of Jintai Energy Holdings Limited (stock code: 2728) in Hong Kong.

From 2007 to 2020, Mr. Su was engaged in commercial trading and oil product trading in several companies, and held middle and senior positions in the companies. In 2002, Mr. Su obtained a Master's degree in management from Massey University in New Zealand. The Company has entered into a service agreement with Mr. Su for a term of three years commencing from 10 June 2022, which may be terminated by either party giving to the other not less than one month's prior notice in writing.

Mr. Su is entitled to a monthly salary of HKD 10,000 on a thirteen months' basis with discretionary bonus which was determined by the Board with recommendation of the remuneration committee of the Company after considering a range of factors including his experience, his duties and responsibilities in the Group, the remuneration structure of the Group and levels of remuneration for peers in the market. His directorship is subject to retirement by rotation and re-election of the Company in accordance with the Articles. Except for the above, each of Mr. Han and Mr. Su did not hold any other directorship in the last three years in other public company the securities of which are listed on any securities market in Hong Kong or overseas and does not have any relationship with any other directors, senior management or substantial or controlling shareholders of the Company and does not hold any position of the Company and other companies within the Group.

As at the date of this announcement, each of Mr. Han and Mr. Su does not have any interest in the Shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).