The board of directors of EVA Precision Industrial Holdings Limited announce that Ms. Zhang Yan Yi ("Ms. Zhang") was appointed as an executive director of the Company with effect from 21 July 2023. Ms. Zhang, aged 27, graduated from Royal Holloway University of London and Durham University. She obtained a bachelor's degree in Science (Economics) (First Class Honors) at the Royal Holloway University of London in 2018 and a Master of Science (Management) degree at Durham University in 2020.

Ms. Zhang joined the Group in 2020 and she is mainly responsible for the Group's production management and risk management. Ms. Zhang is also a director of certain subsidiaries of the Group. As at the date of this announcement, Ms. Zhang has personal interests (within the meaning of Part XV of the Securities and Futures Ordinance (Cap.

571) of the Law of Hong Kong) (the "SFO") in options to subscribe for 400,000 shares of the Company under the share option scheme adopted by the Company on 21 May 2015. Ms. Zhang has entered into a service agreement with the Company for a period of two years commencing from 21 July 2023, which can be terminated by either party giving to the other party not less than one month's prior written notice. She is subject to retirement by rotation and re-election at the annual general meetings of the Company under the Company's Articles of Association.

Ms. Zhang is entitled to a monthly salary of HK$50,000 and a fixed one-month bonus. She is also entitled under her service agreement to a discretionary year-end bonus of an amount to be determined by the Board and the remuneration committee of the Company. The emoluments of Ms. Zhang are determined by reference to her experience, job responsibilities within the Group and the prevailing market conditions.

Ms. Zhang is a daughter of Mr. Zhang Hwo Jie, an executive director of the Company and the chairman of the Board; and a niece of both Mr. Zhang Jian Hua, an executive director of the Company and the vice chairman of the Board, and Mr. Zhang Yaohua, an executive director and the chief executive of the Group.