Board of Directors and Board Committees

The Board of Directors of InvesTech Holdings Limited as follows:

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There are 4 Board committees. The following provides membership information of these committees on which Board members serve.

Biographical Details of Directors

Executive Director: Mr. Chan Sek Keung, Ringo

Mr. Chan Sek Keung, Ringo (“Mr. Chan”), aged 63, is the chairman of the Board, an executive Director and the CEO of the Company.

Mr. Chan is also the chairman of the investment committee of the Company (the “Investment Committee”). Mr. Chan is in charge of the overall strategic planning, business planning and decision making in all material matters of the Group. Mr. Chan was appointed as nonexecutive Director on 23 December 2015 and was re-designated as executive Director on 21 September 2016. Mr. Chan was appointed as the chairman of the Board on 25 February 2016 and was appointed as CEO of the Company on 21 September 2016.

Mr. Chan has obtained a degree of Bachelor of Science in Engineering from The University of Hong Kong in November 1981. Mr. Chan was previously a member of the Chinese People’s Political Consultative Conference for Chengdu, Sichuan Province, the PRC, for over ten years. Mr. Chan has over 30 years of experience in the IT and network industry. Mr. Chan has previously worked for various multi-national corporations such as General Electric Company, Case Communications Limited and Infa Telecom Limited and served in senior executive positions in the Asia Pacific region.

Mr. Chan also served as the sole director of Smoothly Global Holdings Limited. He is currently the director of the following major subsidiaries of the Company, namely Fortune Grace Management Ltd., Wafer Systems Limited, Wafer Systems (China) Ltd., Beijing Wafer New Century Information Technology Co., Ltd., Wafer Network Systems (Shanghai) Co Ltd., Wafer (Xi’an) Software Co Ltd., and Wafer Systems (Vietnam) Co., Ltd.

Executive Director: Ms. Tin Yat Yu Carol

Ms. Tin Yat Yu, Carol (“Ms. Tin”), aged 57, is an executive Director of the Company and a member of the Investment Committee of the Company. Ms. Tin was appointed as an executive Director of the Company on 11 April 2022.

Ms. Tin obtained a degree of doctor of business administration honoris causa from the International American University in March 2009. Ms. Tin is an entrepreneur who operates money lending business and fine dining business. Ms. Tin also has extensive experience in trading business in Hong Kong and the People’s Republic of China.

Ms. Tin was an executive director of Carnival Group International Holdings Limited (“Carnival”) (formerly known as Oriental Ginza Holding Limited and CASH Retail Management Group Limited) (stock code: 996), a company whose shares are listed on the main board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”), for the period from September 2005 to August 2011. Ms. Tin also served as the chairperson of Carnival from November 2006 to August 2011 and was responsible for the overall strategic planning and policy making. Ms. Tin served as a director of Yan Oi Tong from 2017 to 2018. She has been (i) an executive director of Virtual Mind Holding Company Limited (formerly known as CEFC Hong Kong Financial Investment Company Limited) (stock code: 1520), a company whose shares are listed on the main board of the Stock Exchange, since October 2019 and its chairman from January 2021 to January 2022; and (ii) an executive director of Finsoft Financial Investment Holdings Limited (stock code: 8018), a company whose shares are listed on GEM of the Stock Exchange, since 5 May 2020 and its chairman since 19 May 2020. Ms. Tin is currently a director of Delta Wealth Finance Limited and Delta Wealth Credit Limited.

Executive Director: Ms. Wang Fang

Ms. Wang Fang (“Ms. Wang”), aged 55, is an executive Director and a vice CEO of the Company. Ms. Wang was appointed as Director and a vice CEO of the Company on 23 December 2015.

Ms. Wang graduated from Nanjing University of Posts and Telecommunications (formerly known as Nanjing College of Posts and Telecommunications) (Radio Engineering Section) in July 1988, and obtained a degree of master of Business Administration from the program jointly organised by the Beijing University and Fordham University in May 2002.

Ms. Wang joined us in June 1995 and was promoted as the president subsequently, wherein Ms. Wang was mainly responsible for daily business operation, management and oversee of communication system segment, including decision making in corporate strategy, corporate policy review and internal control. Ms. Wang has over 20 years of experience in the area of network system integration.

Executive Director: Mr. Lu Chengye

Mr. Lu Chengye (“Mr. Lu”), aged 45, is an executive Director of the Company. Mr. Lu was appointed as Director on 29 May 2013.

Mr. Lu has over 20 years of experience in the communication industry gained in the Group and in his previous employment. Before joining the Group, Mr. Lu worked as a director of the science and research department of base station software development in a renowned mobile communication equipment company in the PRC from April 2002 to August 2008, mainly responsible for the design, development and implementation of solution of communication base station software. From August 2009 to May 2012, Mr. Lu had served as the general manager of TD-SCDMA/TD-LTE production line of another prestigious communication equipment and technology firm, mainly in charge of the establishment and research and development works for projects of wireless base station and communication base station equipments. Mr. Lu obtained his master degree of engineering from Xidian University （西安電子科技大學） majoring in information and communication engineering in March 2002. As an expert from TD-LTE workgroup of the Ministry of Industry and Information Technology of the People’s Republic of China （中華人民共和國工業和信息化部）, Mr. Lu was the inventor of 7 patented technologies in the communication sector, and has published several research papers on communication topics in various journals.

Non-executive Director: Mr. Wong Tsu Wai, Derek

Mr. Wong Tsu Wai, Derek (“Mr. Wong”), aged 53, is a non-executive Director of the Company. Mr. Wong was appointed as Director on 1 August 2019.

Mr. Wong was educated in Canada. Mr. Wong has approximately 20 years of experience in management and operation of textile and knitting, food and beverages business. Mr. Wong was a co-founder and an executive director of Fornton Group Limited (renamed as Momentum Financials Holdings Limited, stock code: 1152, a company whose shares are listed on the Main Board of the Stock Exchange) from October 2011 to June 2014.

Non-executive Director: Ms. Chung Elizabeth Ching Yee

Ms. Chung, Elizabeth Ching Yee (“Ms. Chung”), aged 52, is a nonexecutive Director of the Company. Ms. Chung was appointed as Director on 3 January 2023.

Ms. Chung graduated at Rutgers University, she started her professional career at General Electric Capital Corporation in the United States of America and joined A.T. Kearney (Hong Kong) Limited after returning Hong Kong. Ms. Chung has more than 20 years of experiences in banking, finance and investment, she also has extensive experiences in strategic planning, business development, corporate governance and corporate strategy. Ms. Chung has been appointed as an executive director, and the chief executive officer of China Brilliant Global Limited (stock code: 8026, “CBG Limited”) on 18 May 2018, a company whose shares are listed on GEM of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

Ms. Chung has extensive professional experience in global brand building and investment advisory. She was appointed as chief executive officer and executive director of Paganini Milano (SG) PTE Limited in early 2017, responsible for brand positioning, strategic planning, and business development. She leads her team to develop retail business globally. Prior to that, Ms. Chung was a director at BOCI Securities Limited and an assistant vice president at HSBC Broking Securities (Asia) Limited responsible for investment advisory for over 10 years, in charge of a department that make recommendations and provide professional investment advices on asset allocation and portfolio management. She was mainly responsible for developing and maintaining strategic asset management plans for the assigned portfolio and managing relationships with various financial institutions like hedge funds, private equity firms and listing companies. Besides that, she achieved portfolio investment targets by analyzing and recommending asset allocation, disposition and evaluating alternative investment opportunities to clients.

Since 26 March 2021, Ms. Chung has been appointed as a director of Brillink Bank Corporation Limited (subsidiary of CBG Limited, “Brillink”) and she has been appointed as the senior executive officer of Brillink since 25 March 2022.

Independent Non-executive Director: Mr. David Tsoi

Mr. David Tsoi (“Mr. Tsoi”), aged 75, is an independent non-executive Director, the chairman of the audit committee of the Company and a member of each of the C&B Committee and nomination committee of the Company. Mr. David Tsoi was appointed as Director on 14 May 2021.

Mr. David Tsoi obtained a master’s degree in business administration from the University of East Asia, Macau (currently known as University of Macau) in October 1986. Mr. Tsoi was admitted as (i) an associate of the Association of Chartered Certified Accountants in September 1981; and (ii) an associate of the Taxation Institute of Hong Kong in March 1984. Furthermore, Mr. Tsoi was admitted as (i) a fellow member of CPA Australia in November 2009; (ii) a fellow member of the Association of Hong Kong Accountants in July 2014; (iii) a fellow of the Institute of Chartered Accountants in England and Wales in June 2015; (iv) a chartered professional accountant member of the Chartered Professional Accountants of British Columbia, Canada, in June 2015; and (v) a fellow member of the Society of Chinese Accountants and Auditors in December 2015.

Mr. Tsoi has over 30 years of experience in the field of accounting, auditing and financial management. He currently serves as a director of Alliott, Tsoi CPA Limited, and he is a certified public accountant (practicing) registered with the Hong Kong Institute of Certified Public Accountants. Mr. Tsoi is currently an independent nonexecutive director of (i) Universal Technologies Holdings Limited (stock code: 1026) since June 2013; (ii) Guru Online (Holdings) Limited (stock code: 8121) since May 2014; (iii) VPower Group International Holdings Limited (stock code: 1608) since October 2016; (iv) Green International Holdings Limited (stock code: 2700) since June 2017; (v) Tianli Holdings Group Limited (stock code: 117) since August 2017; and (vi) Everbright Grand China Assets Limited (stock code: 3699) since January 2018. The shares of these companies are listed on either GEM or the Main Board of the Stock Exchange.

In the past, Mr. Tsoi had also served as an independent nonexecutive director of (i) Loto Interactive Limited (stock code: 8198) from October 2001 to July 2017; (ii) CRRC Corporation Limited (stock code: 1766) from March 2008 to June 2014; and (iii) Enviro Energy International Holdings Limited (stock code: 1102) from July 2008 to June 2017. The shares of these companies are listed on either GEM or the Main Board of the Stock Exchange.

Independent Non-executive Director: Mr. Hon Ming Sang

Mr. Hon Ming Sang (“Mr. Hon”), aged 44, is a Committee Member of the 11th Luoding Committee of the Chinese People’s Political Consultative Conference, an independent non-executive Director of the Company, a member of each of the Audit Committee and the Investment Committee, and the chairman of each of the Compensation and Benefits Committee and the Nomination Committee. Mr. Hon was appointed as the director of the Company on 31 January 2023.

Mr. Hon graduated with an honour degree of Professional Accountancy in the School of Accountancy from The Chinese University of Hong Kong. He is a CFA charter holder, a member of The Hong Kong Society of Financial Analysts, a member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants, an associate member of The Hong Kong Chartered Governance Institute and an associate member of The Chartered Governance Institute. Mr. Hon has over 14 years of working experience in listed companies and financial institutions. He has extensive experience in corporate finance, merger and acquisition, investment and financial management and compliance services.

Mr. Hon is currently an independent non-executive director of the following companies listed on either GEM or the main board of the Stock Exchange:

Name of the listed companies and stock code	Commencement of appointment
Virtual Mind Holdings Company Limited (a company listed on the main board of the Stock Exchange with stock code: 1520)	since November 2016
Finsoft Financial Investment Holdings Limited (a company listed on GEM of the Stock Exchange with stock code: 8018)	since June 2020
Asia Energy Logistics Group Limited (a company listed on the main board of the Stock Exchange with stock code: 351)	since November 2020

Furthermore, Mr. Hon had been an independent non-executive director of SFund International Holdings Limited (a company listed on the main board of the Stock Exchange with stock code: 1367, listing of which was cancelled on 20 September 2022) (“SFund”) from November 2016 to February 2017 and was re-designated as its executive director from February 2017 to August 2022. He had also been appointed as SFund’s company secretary, authorized representative and process agent from July 2017 to August 2022. Since 16 August 2022, Mr. Hon has been appointed as the chief financial officer and Company Secretary of China Gas Industry Investment Holdings Co. Ltd. (a company listed on the main board of the Stock Exchange with stock code: 1940).

Independent Non-executive Director: Mr. Yuen Shiu Wai

Mr. Yuen Shiu Wai (“Mr. Yuen”), aged 64, is an independent nonexecutive Director and a member of each of the Audit Committee, the C&B Committee, the Nomination Committee and the Investment Committee. Mr. Yuen Shiu Wai was appointed as Director on 7 April 2021.

Mr. Yuen obtained a Bachelor’s degree of Science in Engineering from the University of Hong Kong in November 1981. Mr. Yuen was also granted the Diploma in Business Management by the Chinese University of Hong Kong in August 1987. Furthermore, he received a degree of Master of Science (Finance) from the National University of Ireland in October 1999. In April 2007, Mr. Yuen was certified as a Financial Risk Manager (FRM®) by the Global Association of Risk Professionals, and was qualified as a Chartered Financial Analyst (CFA) of CFA Institute in September 2008. In September 2017, Mr. Yuen was certified as a Chartered Valuer and Appraiser (CVA) by the Singapore Accountancy Commission.

Mr. Yuen has had over 10 years of experience in the field of valuation. From September 2013 to May 2017, Mr. Yuen served as one of the independent non-executive directors of Finsoft Financial Investment Holdings Limited, a company listed on GEM of the Stock Exchange (Stock Code: 8018). Since July 2014, Mr. Yuen has been appointed as the director of Ascent Partners Valuation Service Limited to oversee its valuation business.