The board of directors of Carry Wealth Holdings Limited announced that Mr. Zhang Zhenyi resigned as an independent non-executive director and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 1 August 2022 due to his other engagement. Following the resignation of Mr. Zhang, the Board announced that Mr. Yu Ping Ming has been appointed as an independent non-executive director and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 1 August 2022. Mr. Yu (former name as Yu Kwing Ming), aged 61, he has been the director of PAS Company Limited since June 2002, responsible for overall business development and management.

Prior to this, Mr. Yu worked in various companies and was responsible for sales and marketing. Mr. Yu had extensive experience in the field of sales and marketing. He holds a Bachelor degree of Arts in Economics and Statistics from University of Guelph in Canada.

List of directors and their roles and functions: With effect from 1 August 2022, the members of the Board and the membership of the four Board committees of the Company will be as follows: Executive Directors Mr. Li Haifeng (Chairman and Chief Executive Officer) and Mr. Tsang Hing Bun. Non-Executive Directors: Mr. Wang Ke. Independent Non-Executive Directors: Mr. Yau Wing You, Mr. Yu Ping Ming, and Mr. Wang Shiming.

There are four Board committees. The membership information of various committees on which each Board member serves is set as follows:Audit Committee: Mr. Yau Wing Yiu (Committee Chairman), Mr. Yu Ping Ming, and Mr. Wang Shiming. Remuneration Committee: Mr. Yau Wing Yiu (Committee Chairman), Mr. Wang Ke, Mr. Yu Ping Ming,and Mr. Wang Shiming.

Nomination Committee: Mr. Li Haifeng (Committee Chairman), Mr. Yau Wing You, Mr. Yu Ping Ming, and Mr. Wang Shiming. Investment Committee: Mr. Li Haifeng (Committee Chairman) and Mr. Wang Ke.