Sheung Moon Holdings Limited announce that Mr. Kwan Hung Chun Curtus ("Mr. Kwan") has been appointed as an independent non-executive Director with effect from 10 July 2024. The biographical details of Mr. Kwan are set out below: Mr. Kwan, aged 30, obtained the degree of Bachelor of Social Science with a major in Psychology from the Chinese University of Hong Kong in 2017. Mr. Kwan has been in the corporate finance industry since 2018 and has accumulated rich experience in corporate finance and corporate governance.

From April 2017 to September 2018, he worked as an associate consultant at Ipsos Limited, responsible for conducting industry research for clients in preparation of their initial public offering ("IPO"). Since September 2018, Mr. Kwan has served various positions at VBG Capital Limited ("VBG") and has been involved in different corporate transactions, including but not limited to IPO sponsorships and general offers. Currently, Mr. Kwan is a consultant at VBG and works as a manager at Ascent Corporate Services Limited, responsible for providing corporate governance services for companies in Hong Kong, Malaysia and the PRC.

The Board further announces that Mr. Kwan has been appointed as the chairman of the Remuneration Committee with effect from 10 July 2024. Mr. Kwan has also been appointed as a member of each of the audit committee of the Board (the "Audit Committee") and the nomination committee (the "Nomination Committee") with effect from 10 July 2024.