The board of Hon Corporation Limited announced that with effect on 23 October 2020, Mr. Lei Xiongpeng (Mr. Lei) has been appointed as an independent non-executive director of the company. Mr. Lei has been employed by Easy Securities Limited as a sales general manager since February 2019. During his employment in Easy Securities Limited and its predecessor Grand Tai Securities Limited, Mr. Lei is and was responsible for the provision of advices for sales and investment in the PRC market. The Board further announces that with effect from 23 October 2020, Mr. Lei, an Independent Non-executive Director of the Company, has been appointed as the Chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee; Mr. Ho Lien Hwai, an executive director of the Company, has been appointed as a member of the Nomination Committee; Mr. Lau Wang Lap, an Independent Non-executive Director, has been appointed as a member of the Nomination Committee; Ms. Luk Huen Ling Claire, an Independent Non-executive Director, has been appointed as a member of the Audit Committee; Mr. Tan Jit Pin (Chen Ribin), an Executive Director, has been appointed as a member of the Remuneration Committee; and Mr. Toh Hock Ghim, a non-executive director of the Company, has been appointed as the Chairman of the Nomination Committee.