The board of directors of Jimu Group Limited announced that with effect from 1 April 2022, Mr. Tsang Hing Bun has been appointed as an executive Director and Mr. Yiu Yu Hong John has been appointed an independent non-executive Director, as a member of each of the audit committee, Remuneration Committee and nomination committee of the Board. Mr. Tsang holds a Bachelor Degree of Social Science from the Chinese University of Hong Kong and a Master of Science Degree in Finance from City University of Hong Kong. He has more than 20 years of experience in audit, accounting, corporate finance and compliance.

Mr. Tsang is a member of The Hong Kong Institute of Certified Public Accountants, an associate member of The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute. He is also a financial risk manager granted by Global Association of Risk Professionals. He has been an executive director of Kingkey Intelligence Culture Holdings Limited (stock code: 550), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") since September 2015 and a non-executive director of Sino Oil and Gas Holdings Limited (stock code: 702), a company listed on the Main Board of the Stock Exchange since August 2020.

Mr. Yiu has over 11 years of experience in the logistics sector. He served as the warehouse manager at Sum Kee Metal Company Limited since July 2010. He received his Diploma of Culinary Arts from Pacific Institute of Culinary Arts in Canada in 2009.

Each of Mr. Tsang and Mr. Yiu will enter into a service agreement and a letter of appointment with the Company respectively for an initial term of one year commencing with effect from 1 April 2022. Each of Mr. Tsang and Mr. Yiu shall hold office until the first general meeting of the Company after their appointment and shall be subject to retirement and re-election at such meeting in accordance with the articles of association of the Company. The Board and remuneration committee of the Company ("Remuneration Committee") have determined Mr. Tsang an emolument of HK$240,000 per annum and Mr. Yiu an emolument of HK$120,000 per annum with reference to their contribution, experience, duties and responsibilities, the Company ' s remuneration policy, the prevailing market conditions and recommendations of the Remuneration Committee.

The remuneration package will be subject t annual review by the Remuneration Committee and the Board from time to time with reference to their responsibility and performance.