The board of directors of New Provenance Everlasting Holdings Limited announced that Mr. Ho Yu-shun the existing deputy chief executive officer of the Company, has been appointed as an executive director of the Company with effect from 19 September 2022. The biographical details of Mr. Ho are set out below: Mr. Ho, aged 44, graduated from Tamkang University with a bachelor's degree in civil engineering in 2003 and further obtained a master's degree in business administration from the National Cheng Kung University in 2005. He has over 10 years' experience in the corporate banking and global trading business.

Before joining the Group, from August 2011 to January 2016, he has worked as an assistant vice president of Bank SinoPac. He then has served as a general manager of Hong Kong Tian Yuan Manganese International Trade Co., Limited from January 2016 to August 2022, and also served as a general manager of Taipei Tianyuan Metal International Co. Ltd. from April 2019 to August 2022.

He was then appointed as the deputy chief executive officer of the Company with effect from 1 September 2022. Tian Yuan Manganese International Trade Co. Limited is amongst the top five suppliers of the Group for the year ended 31 March 2022.

Mr. Ho does not hold any shares in both Hong Kong Tian Yuan Manganese International Trade Co. Limited and Taipei Tianyuan Metal International Co. Ltd. as at the date of this announcement.

The Board also announces that with effect from 19 September 2022: Mr. Tang Kin Nam has been appointed as the chairman of each of the risk management committee and nomination committee of the Company.