The Board of CWX Global Limited having considered the recommendation of the Nominating Committee (NC) and having reviewed and considered the qualifications, working experience, suitability and independence of Mr. Zhao Jian (Mr Zhao), is satisfied that he has the relevant experience, knowledge and skills to assume the responsibility as Non-Executive Independent Director of the Company. Accordingly, the Board approved the appointment of Mr. Zhao as Non-Executive Independent Director of the Company. Mr. Zhao will also be appointed as the Chairman of the NC as well as a member of the Audit Committee (AC) and the Remuneration Committee (RC) of the Company. The Board considers Mr. Zhao to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist.