The board of Zhi Sheng Group Holdings Limited announced that with effect from 1 June 2022, Mr. Kwok Sui Hung (Mr. Kwok) resigned as an independent non-executive Director, and ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee as he wishes to devote more time to his other business engagements. Following the resignation of Mr. Kwok, the board announced that with effect from 1 June 2022, Mr. Li Saint Chi Sainti (Mr. Li) has been appointed as an independent non-executive director of the company, and a member of each of the audit committee, the remuneration committee and the nomination committee. Mr. Li, aged 62, is a seasoned business executive with proven track record of building, operating and leasing multiple multi-tenants and hyperscale data centres with world-known data centre players such as Global Switch, Equinix and AT&T. He has 30 years of sales & marketing, product management, business development and general management experience, with which over 15 years of experience on the ground based in Mainland China.

Mr. Li was born and educated in Hong Kong, studied Electronics Engineering in Hong Kong Polytechnic and started his career as customer services engineer in the early 1980s. Mr. Li has entered into a letter of appointment with the Company. The principal particulars of the appointment letter are (a) for a term of three years commencing from 1 June 2022, which may be terminated by not less than three months' 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 amended and restated memorandum and articles of association of the Company, pursuant to which Mr. Li will hold office until the next general meeting of the company.

The board announced that the following changes in the composition of various board committees of the company, with effect from 1 June 2022: (i) Mr. Kwok ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; and (ii) Mr. Li became a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee.