Modern Chinese Medicine Group Co., Ltd. announced that Mr. Chan Kam Leung ("Mr. Chan") has resigned as an independent non-executive Director with effect from 13 April 2023 due to his other business commitments. Given his resignation as an independent non-executive Director, he has also ceased to be the chairman of the nomination committee of the Company (the "Nomination Committee") and a member of each of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee"). The Board announced that Mr. Wong Chi Kin ("Mr. Wong") has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee in place of Mr. Chan with effect from 13 April 2023.

The biographical details of Mr. Wong are set out as follows: Mr. Wong, aged 49, has over 25 years of solid accounting, banking and corporate finance experience with reputable commercial banks and leading investment banks (including UBS and Morgan Stanley) as well as various companies in Hong Kong and the United Kingdom. Mr. Wong is a fellow member of the Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. Mr. Wong was appointed as an independent non-executive director of Tsui Wah Holdings Limited ("Tsui Wah"), whose shares are listed on the Stock Exchange (Stock Code: 1314), in November 2012 and was re-designated as a non-executive director of Tsui Wah in November 2016.

Further, Mr. Wong was appointed as a non-executive director of Asiaray Media Group Limited, whose shares are listed on the Stock Exchange, in March 2017 mainly responsible for strategic mergers and acquisitions as well as capital market transactions. Mr. Wong is also an independent non-executive director of Forgame Holdings Limited, whose shares are listed on the Stock Exchange in May 2020. Also, Mr. Wong was the chief financial officer of Orient Victory Travel Group Company Limited ("Orient Victory"), whose shares are listed on the Stock Exchange, during the period from October 2014 to October 2018.

Prior to joining Orient Victory, Mr. Wong held various management positions at China Qinfa Group Limited, whose shares are listed on the Stock Exchange (Stock Code: 866), including (i) deputy chief financial officer (from April 2011 to September 2011); (ii) chief financial officer (from September 2011 to October 2014); and (iii) company secretary and authorised representative (from July 2011 to August 2014). For the period from July 2018 to July 2019, given Mr. Wong's professional background and his areas of expertise, he was appointed as (i) the chairman of the independent board committee of Shenzhou Space Park Group Limited ("Shenzhou Space") (which was wound up on 6 January 2020), whose shares were listed on the Stock Exchange (former Stock Code: 692) and delisted in December 2019 under Rule 6.01A of the Listing Rules, and an independent non-executive director. Mr. Wong played crucial roles in delivering independent advice on listing resumption proposal and corporate governance issues as well as providing guidance in the investigation of certain transactions throughout his appointment in Shenzhou Space (for details, please refer to the announcement of Shenzhou Space dated 9 December 2019); and (ii) a member of the independent investigation committee of Mayer Holdings Limited, whose shares are listed on the Stock Exchange (Stock Code: 1116), and an independent non-executive director, for the period from November 2021 to February 2022.

Mr. Wong obtained a Bachelor of Science (Honours) degree in Finance from The City University of Hong Kong in December 1996, a Certificate in Consecutive Interpretation: Putonghua/English from The School of Professional and Continuing Education of The University of Hong Kong in March 2001, a Master's degree in Practicing Accounting from The Monash University, Australia in November 2001, and a Master of Business Administration degree (Executive MBA Programme) from The Chinese University of Hong Kong in December 2010 (Dean's list: 2009/2010).