Datang Group Holdings Limited announced that Mr. Tam Chi Choi (Mr. Tam) resigned as an independent non-executive Director, and a member of the audit committee (the Audit Committee) and a member of the nomination committee (the Nomination Committee) of the Company with effect from 31 December 2022 due to his intention to devote more time to his other developments in his personal business. The Board further announced that Mr. Lok Chiu Chan (Mr. Lok) has been appointed as an
independent non-executive Director, and a member of the Audit Committee and a member of the Nomination Committee with effect from 3 January 2023. Mr. Lok Chiu Chan, aged 47, has been appointed as an independent non-executive Director, and a member of the Audit Committee and Nomination Committee since 3 January 2023. Mr. Lok graduated from the Department of Economics, Xiamen University, majoring in business management; and holds a Bachelor of Laws degree from the Law School of Beijing University as well as a Master of Laws degree from the School of Law of Renmin University of China, majoring in Constitution Law and Administrative Law. Mr. Lok had held senior positions in large conglomerates and is well versed in asset management, securities and futures dealing, corporate finance, family trust, insurance brokerage, fintech, business consulting and corporate governance. Mr. Lok is currently a responsible officer licensed under the SFO to conduct type 1 (Dealing in Securities), 4 (Advising on Securities) and 9 (Asset Management) regulated activities as well as the managing director of RuiLian Financial Group Company Limited, a subsidiary of ChuangLian Holdings Limited. Mr. Lok is also ardent in educational and social affairs. Mr. Lok was an independent non- executive director of China Investment Development Limited from July 2021 to July 2022.