The board of directors of RMH Holdings Limited announced that, Dr. Loh Teck Hiong was removed as the chairman of the Board of the Company with effect from 23 August 2022 and was removed as compliance officer
of the Company with effect from 7 September 2022, and Mr. He Weiqing ("Mr. He"), currently an executive Director and chief executive officer of the Company has been appointed to replace Dr. Loh as
the chairman of the Board of the Company with effect from 23 August 2022, and has been appointed as compliance officer of the Company, in replacement of Dr. Loh with effect from 7 September 2022, and
has been appointed as the chairman of the nomination committee to replace Dr. Loh with effect from 23 August 2022. Mr. He Weiqing, aged 57, graduated from the Atmospheric Science Department of the Sun Yatsen
University in Guangzhou with a Bachelor of Science Degree in 1986 and graduated from the Management School of the same university with a Master's Degree in Economics in 1989. Mr. He has long been engaged in corporate management, financial management and project investment and management. He had held senior positions at the headquarters and branches of a number of renowned companies in the People's Republic of China, and acted as the project manager of various asset management companies and private equity investment companies in Shenzhen. From September 2015 to November 2017, Mr. He held senior management positions at Long Success International (Holdings) Limited, and subsequently from December 2017 to July 2020, he acted as an executive director of Grand Peace Group Holdings Limited (Stock Code: 8108), both of which
were delisted on 19 October 2016 and 27 August 2021, respectively, pursuant to Rule 9.14 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange. Mr. He was appointed as an executive Director and a member of the remuneration committee on 10 January 2022 and was appointed as chief executive officer of the Company with effect from on 5 August 2022. Mr. He has entered into a service agreement with the Company for an initial term of 3 years, unless terminated by either party in accordance with the terms thereof and subject to re-election in accordance with the articles of association of the Company. Pursuant to the service agreement, Mr. He is entitled to director's remuneration of HKD 720,000 per annum which is determined by the Board with reference to the recommendation from the Remuneration Committee, his duties and experience and the prevailing market situation. The Board announced that Mr. Lee Chung Shun "Mr. Lee") has been appointed as an executive Director of the Company with effect from 7 September 2022. Mr. Lee, aged 46, obtained a Bachelor Degree of Science with Honours in Accounting from The University of Hull in September 2014. Mr. Lee has extensive experience in corporate, financial and assets management. He held senior position in a number of public and holding companies in Hong Kong. He is currently the chief financial officer of the Company, mainly responsible for accounting and financial management of the Company. He was appointed as an executive director and Chief Executive Officer of Amas Asia Limited from March 2000 to January 2003. He was appointed as Chief Financial Officer of King of Catering (Holdings) Limited from February 2007 to November 2010. He as appointed as Chief Executive Officer of Hong Kong Pacific Network Limited from May 2013 to January 2016. He was appointed as an Executive Director of 1 Creation Limited from May 2015 to August 2017. He was appointed as Chief Executive Officer of 1 Creation Limited from March 2014 to December 2021. He held senior management positions at Bar Pacific Group Holdings Limited from February 2016 to June 2018. He was appointed as Chief Financial Officer of K Wealth Hong Kong Limited from January 2022 to April 2022. Mr. Lee has entered into a service contract with the Company for an initial term of three years commencing from 7 September 2022, unless terminated by either party in accordance with the terms thereof and subject to re-election in accordance with the articles of association of the Company. Pursuant to the service contract, he is entitled to a basic salary of HK$636,000 per annum plus discretionary management bonus dependent on the performance of the Group.