The board of directors of South China Holdings Company Limited announced that Mr. Yu Pui Hang has been appointed as a non-executive director of the Company with effect from 17 January 2023. The biographical details of Mr. Yu are set out as follows: Mr. Yu, aged 43, is the founder and principal partner of L & Y Law Office and Henry Yu & Associates. Mr. Yu's areas of expertise include blockchain, commercial law, corporate and commercial transactions and foreign and cross-border investments, and he has been a qualified Certified Financial Technologist (CFT).

Prior to that the foregoing, Mr. Yu was appointed as an executive director and deputy head of legal counsel of ICBC International Holdings Limited, which is the investment banking arm of Industrial and Commercial Bank of China Limited (the H shares of which are listed on The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') (stock code: 01398)), one of the largest banks in the world. Mr. Yu obtained a degree of Bachelor of Laws from King's College London of the University of London in the United Kingdom in 2001. Mr. Yu is a member of the Innotech Committee (formerly known the Technology Committee) of the Law Society of Hong Kong, and has also been appointed as the Hon.

Legal Advisor to the Hong Kong Federation Invention and Innovation, Hon. Legal Advisor to the Hong Kong International Blockchain & Financial Association, Hon. Legal Advisor to the Institute of Financial Technologies of Asia, Hon.

Legal Advisor to the Bitcoin Association of Hong Kong and Hon. Legal Advisor to the Hong Kong International Family Office Association. Mr. Yu has also been appointed as Executive Principal of China Commercial Blockchain Legal Institute and the committee member of TechFin (GHM Greater Bay Area) Association.

Mr. Yu was awarded the ``China Commercial 2019 Outstanding Contribution Award''. Mr. Yu has been appointed as an independent non-executive director of Amuse Group Holding Limited, since May 2018.