The board of directors of HKBN Ltd. announced that the company has received a written notice from Ms. Shengping YU (Ms. Yu), a non-executive director of the company, that she has appointed Mr. Hongfei YU (Mr. Yu) as her Alternate Director during her absence with effect from 1 March 2023 (the Appointment). The Appointment shall be ceased upon Ms. Yu's return on 14 July 2023. The biographical details of Mr. Yu are as follows:
Mr. Yu, aged 46, is a Partner and Head of Greater China at MBK Partners. Mr. Yu has over 20 years of experience in the private equity and investment banking industries. Prior to joining MBK Partners, Mr. Yu was a Vice President in the investment banking division of Morgan Stanley in Hong Kong. Mr. Yu received a Bachelor of Science degree in economics and a Master of Science degree in finance from University of International Business and Economics in Beijing. Mr. Yu currently serves on the board of directors of (i) CAR Inc., a company incorporated in the Cayman Islands, whose public bonds are listed on The Stock Exchange of Hong Kong Limited; (ii) Wendu Education Group; and (iii) Shanghai Siyanli Industrial Co. Ltd. Mr. Yu was a former non-executive director of CAR Inc. Mr. Yu is licensed as a responsible officer of MBK Partners HK Limited to carry out Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance.