Maxnerva Technology Services : CHANGE OF A NON-EXECUTIVE DIRECTOR

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MAXNERVA TECHNOLOGY SERVICES LIMITED 雲智匯科技服務有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 1037)

CHANGE OF A NON-EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors", each a "Director") of Maxnerva Technology Services Limited (the "Company") announces that Mr. JEON Eui Jong ("Mr. Jeon") has tendered his resignation as non-executive Director with effect from 31 March 2021 due to his other business commitment. Mr. Jeon has confirmed that he has no disagreement with the Board and there is nothing needed to be brought to the attention to the shareholders of the Company in relation to his resignation. On the same date, the Board has appointed Mr. PARK Ho Jin ("Mr. Park") as non-executive Director with effect from 31 March 2021.

Mr. Park, aged 44, has been with SK Holdings (C&C) since 2001 and is currently the head of Strategic Planning Group. He holds a bachelor's degree of Electrical Engineering at Korea University, Seoul, Republic of Korea.

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Save as disclosed above, Mr. Park (i) does not hold any other position with the Company or its subsidiaries; (ii) has not held any directorships in other listed public companies in the past three years in Hong Kong or overseas; (iii) does not hold other major appointments and professional qualifications; and (iv) does not have any relationship with other directors, senior management, substantial or controlling shareholders (both having the meaning ascribed to them in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company. As at the date of this announcement, Mr. Park does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

There is no service agreement between the Company and Mr. Park in respect of his appointment as non-executive Director. Mr. Park will have no fixed term of appointment with the Company for being a non-executive Director but will be subject to (i) retirement and reelection at the forthcoming annual general meeting of the Company after his appointment; and

1. retirement by rotation and re-election in accordance with the Company's bye-laws. Mr. Park will not receive any emoluments (having the meaning ascribed to it in the Listing Rules) from the Company during his tenure of office as a non-executive Director.

Save as disclosed above, there are no other matters relating to the appointment of Mr. Park that need to be brought to the attention of the shareholders of the Company nor is there any information to be disclosed by the Company pursuant to the requirements of Rule 13.51(2) of the Listing Rules.

The Board would like to thank Mr. Jeon for his invaluable contributions to the Company during his tenure and warmly welcome Mr. Park's joining.

By order of the Board

Maxnerva Technology Services Limited

CHIEN YI-PIN

Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, the Board comprises four executive directors, namely, Mr. CHIEN Yi-Pin, Mr. CAI Liting, Mr. KAO Chao Yang and Mr. CHENG Yee Pun, one non- executive director, namely, Mr. PARK Ho Jin, and three independent non-executive directors, namely, Mr. TANG Tin Lok Stephen, Mr. KAN Ji Ran Laurie and Prof. ZHANG Xiaoquan.

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