China U-Ton Future Space Industrial Group Holdings Ltd. hereby announced that with effect from 25 May 2022 (i) Mr. Mok Hon Kwong Thomas will be appointed as an independent non-executive director of the Company, the chairman of the audit committee of the Company and a member of each of the nomination committee of the Company and the remuneration committee of the Company; (ii) Mr. Ma Yu-heng will be appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee; (iii) Mr. Ge Lingyue will resign as an non-executive Director; and (iv) Ms. Wu Hanpu will resign as an independent non-executive Director. Mr. Mok Hon Kwong Thomas, aged 55, will be appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from 25 May 2022. Mr. Thomas Mok is the principal solicitor of Mok & Co., Solicitors, a law firm founded by him in about November 2013. Mr. Thomas Mok practises in the civil and criminal litigation and advises on legal practice areas such assecurities and financial, corporate and commercial, information technology, and media and entertainment. Mr. Ma Yu-heng aged 52, will be appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee with effect from 25 May 2022. Mr. Ma has
experience in financing, banking and corporate finance for over 24 years. Mr. Ma was previously the chief financial officer and vice president of China Grand Star Luxury Cars Investment Holdings Limited from September 2018 to April 2022 and an executive vice president of Summi (Group) Holdings Limited a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (stock code: 756) from December 2014 to September 2018. Prior to that, Mr. Ma worked at Taipei Fubon Commercial Bank Co. Ltd., in Taipei, Shanghai and Hong Kong, respectively, from January 2006 to August 2013, and his last position was a vice president of the corporate banking/global banking division in Hong Kong.