Pan Hong Holdings Group Limited announced that Dr Zheng Haibin will be retiring as a Director of the Company pursuant to Bye-Law 86(1) of the Bye-Laws of the Company at the conclusion of the AGM. Dr Zheng Haibin has served as an Independent Director of the Company for more than nine years from the date of his first appointment. In the spirit of good corporate governance, Dr Zheng Haibin is not seeking re-election.

Accordingly, Dr Zheng Haibin shall also retire as an Independent Director of the Company, chairman of the RC and a member of the AC at the conclusion of the AGM. Concurrently, Mr. Chung Yiu Kwong Nixon, an incumbent Independent Director of the Company, will be appointed as the Chairman of the RC and a member of the AC. Other Director Ships Present: CCH High-Tech Enterprise Ltd. - Shenzhen Scinfo Venture Capital Management Co.

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