The board (the "Board") of directors (the "Director(s)") of InvesTech Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces that Mr. Lu Brian Yong Chen ("Mr. Lu") has resigned as an independent non-executive Director, a member of each of the audit committee of the Company (the "Audit Committee"), the investment committee of the Company (the "Investment Committee"), and the chairman of each of the compensation and benefits committee of the Company (the "Compensation and Benefits Committee") and the nomination committee of the Company (the "Nomination Committee"), with effect from 31 January 2023 (the "Resignation") due to his other personal commitment which requires more of his dedications. Mr. Lu has confirmed that he has no disagreement with the Board in any respect and there is no matter relating to the Resignation that need to be brought to the attention on of the shareholders of the Company (the "Shareholders") and/or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board announced that Mr. Hon Ming Sang ("Mr. Hon") has been appointed as an independent non-executive Director; a member of the Audit Committee; a member of the Investment Committee; the chairman of the Compensation and Benefits Committee; and (v) the chairman of the Nomination Committee, with effect from 31 January 2023.

The biographical details of Mr. Hon are set out as follows: Biography of Mr. Hon, Mr. Hon, aged 44, graduated with an honour degree of Professional Accountancy in the School of Accountancy from The Chinese University of Hong Kong. He is a CFA charter holder, a member of The Hong Kong Society of Financial Analysts, a member of the Hong Kong Institute of Certified Public Accountants, a fellow member of the Association of Chartered Certified Accountants, an associate member of The Hong Kong Chartered Governance Institute and an associate member of The Chartered Governance Institute. Mr. Hon has over 13 years of working experience in listed companies and financial institutions.

He has extensive experience in corporate finance, merger and acquisition, investment and financial management and compliance services. Mr. Hon is currently an independent non-executive director of the following companies listed on either GEM or the main board of the Stock Exchange: Virtual Mind Holdings Company Limited (since November 2016 company listed on the main board of the Stock Exchange with stock code: 1520) Finsoft Financial Investment Holdings Limited (a since June 2020 company listed on GEM of the Stock Exchange with stock code: 8018) Asia Energy Logistics Group Limited (a company since November 2020 listed on the main board of the Stock Exchange with stock code: 351) Furthermore, Mr. Hon had been an independent non-executive director of SFund International Holdings Limited (a company listed on the main board of the Stock Exchange with stock code: 1367, listing of which was cancelled on 20 September 2022) ("SFund") from November 2016 to February 2017 and was re-designated as its executive director from February 2017 to August 2022. He had also been appointed as SFund's company secretary, authorized representative and process agent from July 2017 to August 2022.

Since 16 August 2022, Mr. Hon has also been appointed as the chief financial officer of China Gas Industry Investment Holdings Co. Ltd. (a company listed on the main board of the Stock Exchange with stock code: 1940). The Board announces that Mr. Fung Siu Kei ("Mr. Fung") has resigned as the company secretary of the Company (the "Company Secretary"), the authorised representative of the Company under Rule 3.05 of the Listing Rules (the "Authorised Representative under the Listing Rules") as well as the authorised representative of the Company for acceptance of service of process or notice in Hong Kong on behalf of the Company in accordance with Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Authorised Representative under the Companies Ordinance"), in each case, with effect from 31 January 2023.

Mr. Fung has confirmed that he has no disagreement with the Board, and there are no matters in relation to his resignation from the above positions that need to be brought to the attention of the shareholders of the Company and/or the Stock Exchange. The Board announced that Mr. Chow Kit Ting ("Mr. Chow") has been appointed as the Company Secretary, the Authorised Representative under the Listing Rules and the Authorised Representative under the Companies Ordinance, in each case, with effect from 31 January 2023. The biographical details of Mr. Chow are set out as follows: Biography of Mr. Chow Mr. Chow has over 15 years' experience in the fields of auditing, accounting, corporate finance, compliance and company secretarial.

He worked for an international accounting firm and various private or listed companies as financial controller and company secretary. Mr. Chow obtained a bachelor's degree of commerce in accounting from Macquarie University, Australia and an EMBA degree from The Chinese University of Hong Kong. He was accredited as a Certified Public Accountant in CPA Australia and as a member of the Hong Kong Institute of Certified Public Accountants.

The Board would like to take this opportunity to express its sincere gratitude to Mr. Lu and Mr. Fung for their valuable contributions to the Company during their tenure of office and would like to take this opportunity to express its warmest welcome to Mr. Hon and Mr. Chow in joining the Company.