The board of directors of Pa Shun International Holdings Limited announced that with effect from 20 May 2024, (i) Dr. Lowe Chun Yip has been appointed as an independent non- executive Director and a member of each of the audit committee and the remuneration committee of the Board; and (ii) Mr. Wong Tung Yuen has been appointed as an independent non-executive Director and a member of each of the nomination committee and the corporate governance committee of the Board. Dr. Lowe Chun Yip: The biographical details of Dr. Lowe are set out below: Dr. Lowe, aged 43, obtained a degree of Bachelor of Art and master of philosophy from the Chinese University of Hong Kong in December 2004 and December 2009, respectively. After completing his master's degree, he furthered his studies at the Free University of Berlin in Germany, where he successfully earned his doctorate in philosophy in February 2014.

Dr. Lowe has an extensive academic background and a wealth of teaching experience. Dr. Lowe is currently a scholar serving as a lecturer at the Chinese University of Hong Kong and the Hong Kong Baptist University International College. His professional courses encompass a wide range of areas, including political philosophy, ethics of public policy, world civilization relations and classic readings.

Dr. Lowe also held a position as a research associate at the Chinese University of Hong Kong, where his research expertise is primarily focused on moral and political philosophy, political economy and international relations. Dr. Lowe's academic research findings have been published in various international academic journals and presented at conferences. Dr. Lowe has also served as an independent non-executive director of China Smartpay Group Holdings Ltd.,since December 2023.

Mr. Wong Tung Yuen: The biographical details of Mr. Wong are set out below: Mr. Wong, aged 33, has over 8 years of experience in capital markets advisory at various investment banks, specialising in initial public offerings and capital fund raising for companies in Hong Kong. He is a managing director of ZMF Asset Management Limited since September 2023 and had been previously working in several corporate finance advisory companies. Mr. Wong obtained a bachelor degree in accounting and finance from Lancaster University in the United Kingdom in 2013 and a master degree in management from University College London in the United Kingdom in 2015.

Mr. Wong is an independent non- executive director of Ganglong China Property Group Limited, since December 2023.