VCPlus Limited appointed Mr. Thomas Chun Pai as Non-Executive Non-Independent Director. The appointment of Mr. Thomas Chun Pai ("Mr Pai") as the Non-Executive Non-Independent Director of the Company was recommended by the Nominating Committee of the Company and approved by the Board of Directors of the Company, after taking into consideration Mr. Pai's qualifications and work experience. With his wealth of more than 40 years of experience in finance, marketing and business operations accumulated in various industries including technology sector and in various countries such as the USA, Hong Kong and China, Mr. Pai is well suited to advise the Company on its business and operational matters, business strategy and new business ventures.

In addition, Mr. Pai will also advise the Company in the development of its proposed strategic collaboration with Delta Investment Holding Group Ltd. as announced by the Company on 5 October 2023. The Company believes that the addition of Mr. Pai to the Board will further strengthen the Board's expertise in business and operations in view of the leave of absence taken by the Company's Executive Director Mr. Lim Beng Chew, as announced by the Company on 23 September 2023. Professional Qualifications Master of Science in Accounting - The California State University, United States, 1991.

Bachelor of Art, Russian Language - Chinese Culture University, Taiwan, 1981.