Hephaestus Holdings Limited Announces Board Changes
professional accounting and financial reporting services to various Hong Kong listed companies
as well as multinational and private companies. Mr. Tang has worked for various reputable
international accounting firms in Hong Kong and is currently the manager of a firm of Certified Public
Accountants in Hong Kong. Mr. Tang obtained a Science degree in Professional Accounting and
Corporate Governance from City University of Hong Kong in 2021. He was admitted as a member of
CPA Australia in November 2018. Mr. Tang was also certified as a certified public accountant by the
Hong Kong Institute of Certified Public Accountants in October 2018, and was admitted as an associate
of The Hong Kong Chartered Governance Institute in November 2021. Pursuant to the letter of appointment made between Mr. Tang and the Company, Mr. Tang has been appointed as an independent non-executive Director for a term of three years with effect from
24 February 2023, unless terminated by no less than one month notice in writing served by Mr. Tang
on the Company or at any time by service of notice in writing by the Company on Mr. Tang. Mr.
Tang will be subject to retirement by rotation and re-election and other related provisions as stipulated
in the articles of association of the Company and the Rules Governing the Listing of Securities on the
GEM of the Stock Exchange (the "GEM Listing Rules"). Pursuant to his letter of appointment, Mr.
Tang will be entitled to an annual Director's fee of HKD 100,000, which was determined with
reference to his background, experience, duties and responsibilities with the Group and the
prevailing market conditions.