The board of directors of Pegasus International Holdings Limited announced that Mr. Wu Wen Yen has been appointed as an independent non-executive Director and member of the audit committee, remuneration committee and nomination committee of the Board with effect from 28 March 2023. The biographical details of Mr. Wu are set out as follows: Mr. Wu, aged 52, holds a master of business administration from National Tsing Hua University. He has over 20 years' experience in management.

Mr. Wu founded Mercury Technology Ltd. in 2001 which focused on silicone production. He is currently the chairman of Mercury Technology Ltd, the chairman of Shenzhen Lida Innovative Technology Ltd. and general manager of Midas Tech Co. Ltd. He has also been visiting lecturer for bachelor's program in advanced materials science at Tamkang University in December 2017 and visiting lecturer for industrial design program at Shenzhen University in August 2016.

He was also elected as an elite talent in Shenzhen FuTian Elite Talent Club in 2018.