China e-Wallet Payment Group Limited at its SGM held on 31 January 2024, approved that Mr. Li Jinglong and Mr. Zhang Ligong (?Mr. Zhang?) were removed as Executive Directors with immediate effect after the conclusion of the SGM, and Mr. Cheng Ruixong (?Mr. Cheng?) was removed as Independent Non-executive Director with immediate effect after the conclusion of the SGM. Following the respective removals, with immediate effect Mr. Zhang ceased to be the authorized representative of the Company and Mr. Cheng ceased to be a member of the audit committee of the Company and the chairman of each of the nomination committee of the Company and the remuneration committee of the Company. Pursuant to the ordinary resolutions passed by the shareholder at the SGM, Mr. Poon Chun Yin and Mr. Lin Chih Chia were appointed as Executive Directors, and Miss Peng Jing Yi and Mr. Tse Tung Leung, Tony were appointed as Independent Non-executive Directors.

After the conclusion of the SGM, the Board comprises two Executive Directors, namely Mr. Poon Chun Yin and Mr. Lin Chih Chia, and two Independent Non-executive Directors, namely Miss Peng Jing Yi and Mr. Tse Tung Leung, Tony. The Board announced that Mr. Lin Chih Chia was appointed as the Authorized Representative, a member of each of the Nomination Committee and the Remuneration Committee; Miss Peng Jing Yi was appointed as a member of the Audit Committee, the chairlady of each of the Nomination Committee and the Remuneration Committee; and Mr. Tse Tung Leung, Tony was appointed as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Mr. Poon Chun Yin, aged 43, holds a Bachelor of Science degree in Business from University of London in 2005.

Mr. Poon is a founder of a learning centre under the brand name of ?Modern Continuing Education Centre)? in Hong Kong. Mr. Poon Chun Yin was currently a member of HKSAR Sai Kung District Fight Crime Committee.

Mr. Poon was awarded the Chief Executive's Commendation for Community Service by the Chief Executive of the Hong Kong Special Administrative Region in recognition of his community service, particularly his contributions to promoting civic education and crime prevention in 2023. Mr. Poon was also the Vice Chairperson of Yan Oi Tong Limited (2017-2019), the president of Lions Club of Tsuen Wan (2019-2020), the honorary vice president of Federation of Hong Kong Guangdong Community organizations (2016-2018), the director of Yan Oi Tong Chan Wong Suk Fong Memorial Secondary School (2016-2020), Yan Oi Tong Tin Ka Ping Secondary School (2018-2019) and Yan Oi Tong Madam Lau Wong Fat Primary School (2019-2020). Mr. Lin Chih Chia, aged 29, holds an Associate's Degree in Management from Kang-Ning Junior College of Medical Care and Management in Taiwan in 2015.

Miss Peng Jing Yi, aged 36, has over 7 years of experience in the banking industry in the PRC. Miss Peng holds a Degree from Hunan Mass Media Vocational and Technical College in 2010. Mr. Tse Tung Leung, aged 44, holds a BBA in Marketing from Monash University in 2005.