The Board of Pak Wing Group (Holdings) Limited announced that with effect from 20 January 2021 following the despatch of the Composite Document: each of Mr. Ji Zhendong, Mr. Lai Yanjun and Ms. Xu Zhi has been appointed as an executive Director; and each of Mr. Wong Chun Hung, Mr. Kung Wai Chiu Marco and Ms. Wong Chi Yan has been appointed as an independent non-executive Director. Since April 2019, Mr. Ji has been serving as the chief executive officer of Guoyunquantong Holdings Group Co. Ltd. Since 2018, Mr. Lai has been an audit director and assistant to the chairman of Shaanxi Quantong Industrial Group Co. Ltd. Xu Zhi has been a director of Jiama Wisdom IoT Co. Ltd., a subsidiary of Shaanxi Quantong, since May 2018. Mr. Wong is a director of B&C Finance and Corporate Advisory Limited and he has been serving as an independent non-executive director of Fullsun International Holdings Group Co., Limited, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 627) (``Fullsun''), since December 2020. Since March 2020, Mr. Kung Wai Chiu Marco has been a director and co-founder of WinPark CPA Company Limited. Ms. Wong is currently an independent non-executive director of each of (i) Bay Area Gold Group Limited (ii) Asia Television Holdings Limited and (iii) Success Dragon International Holdings Limited.