Hao Bai International (Cayman) Limited Board announced that Mr. Lin, Hann Ruey has been appointed as an executive Director of the Company with effect from 13 December 2022. Mr. Lin, aged 57, graduated from National Chengchi University, Taipei, Taiwan with a major in business administration in 1988. He obtained his Master of Finance from The University of Nottingham in the UK in 1993.

Mr. Lin has extensive practical experience in project financing and M&A in Hong Kong and other overseas capital markets such as Northern America. Mr. Lin had been an independent non-executive director of Blockchain Group Company Limited, formerly known as Ping Shan Tea Group Limited, for the period from November 2016 to April 2018. With 15 years of experience in investment banking in the Mainland China, Mr. Lin currently holds senior position at while he was an executive director at between 2020 and 2022.

Mr. Lin also held different positions such as chief financial officer, business director and director of M&A in companies listed on Over the Counter Bulletin Board of the United States (OTCBB). Mr. Lin was a director of Shenzhen Runtong Jinkong Group and investment director of Shenzhen Furun Fund. He was a managing director of Financing Business of Anhui Golden Cow Group in 2013 and then joined Chinese Culture and Artwork Property Exchange Group (Hong Kong) as a director.

In 2015, Mr. Lin founded Dongfang Cultural Property Right Exchange Group (Hong Kong) engaging in artwork asset management in Hong Kong. Mr. Lin specialises in assisting non-government enterprises to establish profit-making models and formulate strategies for industrial M&A with integrated techniques of investment banking and industrial strategies. He has professional sense in corporate grouping and case matching with overseas organisations, and possesses profound expertise and extensive fund network in the Mainland, Taiwan and Hong Kong.

The Board further announced that Ms. Yuen, Wai Man has been appointed as an independent non-executive Director and a member of the Nomination Committee of the Company with effect from 13 December 2022. Ms. Yuen, aged 50, graduated from The University of Hong Kong with a Bachelor Degree in Business Administration in 1994. She is the fellow member of both The Association of Chartered Certified Accountants and The Hong Kong Institute of Certified Public Accountants, and also the overseas member of The Chinese Institute of Certified Public Accountants.

Ms. Yuen (i) has been an independent non-executive director of Solomon Worldwide Holdings Limited, since April 2022; (ii) has been an independent non-executive director of China Eco-Farming Limited, since September 2016; (iii) had been an independent non-executive director of Chinese Strategic Holdings Limited, for the period from July 2008 to June 2021; and (iv) had been an independent non-executive director of The Hong Kong Building and Loan Agency Limited, for the period from November 2012 to October 2017. Ms. Yuen is currently also the managing director of W.M. Yuen CPA Limited, Ms. Yuen has accumulated extensive working experience in accounting and auditing area for over 25 years.