Fresh Express Delivery Holdings Group Co., Limited announced after the conclusion of the EGM, the Requisitionist has also applied to the Grand Court of the Cayman Islands for a Declaration that the EGM was validly convened and held, and the removal and appointment of Directors at the EGM were valid and effective, with effect from 6 January 2022. Such Declaration was granted by the Grand Count of the Cayman Island on 12 May 2022. The details of the Declaration are as follows: based on the poll results of the EGM, the change in Directors, namely, the removal of Mr. Pan and Mr. Tang as executive Directors and the appointment of Mr. Yu as executive Director, and of Mr. Wong, Ms. Wong and Mr. Hau as independent non-executive Directors, is valid and effective from 6 January 2022; and Accordingly, following the conclusion of the EGM, with effect from 6 January 2022: (i) Mr. Pan ceased to be an executive Director and Chairman of the Board; (ii) Mr. Tang ceased to be an executive Director; (iii) Mr. Yu was appointed as an executive Director; and (iv) each of Mr. Wong, Ms. Wong and Mr. Hau was appointed as an independent non-executive Director.

Mr. Yu Zhen Hua Johnny, formerly known as Yu Shu Kuen, aged 53, has over 28 years of experience in the finance industry. Mr. Yu graduated from University of Southern California with a Bachelor of Arts degree in Social Sciences and Communication (Economics) in 1991. After that, he had worked in the investment banking field in Hong Kong and went on to start his own financial service business in 1996.

Mr. Yu was the executive director of a securities dealing company from April 1996 to September 2004 and a future trading company from 1997 to April 2000. Mr. Yu is a director of Koffman Investment Limited, a private company formerly known as Koffman Securities Limited which was previously a licensed corporation to carry out certain regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Yu does not hold any position in the Company or any of its subsidiaries, and any directorships in any other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the past three years.

As at the date of this announcement, no service contract has been entered into between the Company and Mr. Yu. He is subject to retirement by rotation and re-election at the general meeting of the Company in accordance with the Articles. The remuneration of Mr. Yu will be determined by the Board with reference to his duties and responsibilities with the Company, remuneration policies of the Company and recommendation of the Remuneration Committee.

Mr. Wong Hin Shek, aged 52, holds a Master of Science (Financial Management) degree from University of London in United Kingdom and a Bachelor of Commerce degree from University of Toronto in Canada. Besides having over 27 years of experience in the investment banking industry, Mr. Wong has been involved in the management, business development and strategic investment of listed companies in Hong Kong, having operations in finance, information technology, hotel, manufacturing, and environmental protection industries. Mr. Wong is currently the chairman, an executive director and the chief executive officer of Merdeka Financial Group Limited.

He is also currently a non-executive director of Sino Golf Holdings Limited. He was the chairman and an executive director of DeTai New Energy Group Limited. Ms. Wong Lai Na, aged 35, has over 10 years of experience in the accounting profession.

Ms. Wong obtained a Bachelor of Business Administration in Accounting degree from Jinan University in the PRC in January 2009 and was admitted as a member of the Hong Kong Institute of Certified Public Accountants in October 2018. Ms. Wong worked as an audit trainee in Anthony Chan & Co. CPA, an audit firm in Hong Kong from February 2009 to May 2010 responsible for audit works of various companies.

She then worked as an audit supervisor in K S Yu & Co. CPA, an audit firm in Hong Kong from October 2010 to February 2014 responsible for the audit works of companies of various sizes. Ms. Wong has been a manager of Top Name Consultant Limited since March 2014, and is responsible for, among others, client management, and has been an audit manager of Alan Chan & Company CPA, an audit firm in Hong Kong, responsible for book keeping and financial analysis until her resignation on 31 December 2019.

She has established her own audit firm NB CPA & Company since 8 March 2020. Ms. Wong has been appointed as an independent non-executive director of WT Group Holdings Limited since 1 December 2017 until 28 July 2021, a company listed on GEM of the Stock Exchange. Ms. Wong was a director of Reliable Group Limited, a company incorporated in Hong Kong with limited liability, which was dissolved by deregistration under section 750 of the Companies Ordinance on 7 November 2014.

Such company has never commenced business and was dormant at the material time, and Ms. Wong confirmed that (i) there is no wrongful act on her part leading to the dissolution of the above company; (ii) she is not aware of any actual or potential claim that has been or will be made against her as a result of the dissolution; and (iii) no misconduct or misfeasance had been involved on her part in the dissolution of the company. Mr. Hau Chi Kit, aged 50, is currently a solicitor in Hong Kong and was a barrister-at-law in private practice in Hong Kong from 2001 to 2008. Prior to becoming a barrister, Mr. Hau worked at the Securities and Futures Commission.

Mr. Hau was an independent non-executive director of Code Agriculture (Holdings) Limited (now known as Farnova Group Holdings Limited), a company listed on GEM of the Stock Exchange, from November 2016 to July 2019. Currently, he is an independent non-executive director of Xinyang Maojian Group Limited; an independent non-executive director of Zhongzheng International Company Limited; and an independent non-executive director of hmvod Limited. With retrospective effect from 6 January 2022, the composition of the committees of the Board has been changed as follow: (i) Ms. Wong has been appointed as the chairlady of the Audit Committee, and each Mr. Wong and Mr. Hau has been appointed as a member of the Audit Committee; (ii) Mr. Wong has been appointed as the chairman of the Remuneration Committee, and each of Ms. Wong and Mr. Hau has been appointed as a member of the Remuneration Committee; and Mr. Hau has been appointed as the chairman of the Nomination Committee, and each of Mr. Wong and Ms. Wong has been appointed as a member of the Nomination Committee.