Truly International Holdings Limited (the Company, together with its subsidiaries, the Group), announced that Mr. Ip Cho Ting, Spencer (Mr. Ip) has resigned as an independent non-executive director, a member of the audit committee, the nomination committee and the remuneration committee of the Company with effect from 25 March 2023 in order to focus on his other personal commitments. The Board announced that Mr. Cheung Wai Yin, Wilson (Mr. Cheung) has been appointed as an independent non-executive director, a member of the audit committee, the nomination committee and the remuneration committee of the Company with effect from 25 March 2023. The biographical details of Mr. Cheung are as follows: Mr. CHEUNG Wai Yin Wilson, age 51, has over 27 years of experience in the field of audit, business development, corporate finance and financial management.

He is currently an executive director and was the chairman and CEO from 2012 to 2020 of Merdeka Financial Group Limited, a company listed on the Stock Exchange (stock code: 8163). Mr. Cheung is a member of The Institute of Chartered Accountants in England and Wales, Hong Kong Institute of Certified Public Accounts and Hong Kong Securities and Investment Institute. He holds a Master of Science degree in Financial Engineering from City University of Hong Kong and Bachelor degrees in Arts and Administrative Studies from York University, Canada.