Shunten International Limited Appoints Cheung Siu Fai as an Executive Director and Tsz Kwan as an Independent Non-Executive Director and Member of Each of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with Effect from January 24, 2021

Shunten International (Holdings) Limited appointed Cheung Siu Fai as an executive Director of the Company; and Ms. So Tsz Kwan has been appointed as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the Company. Mr. Cheung Siu Fai, aged 51, holds a Master Degree in Business Administration from The Chinese University of Hong Kong and a Bachelor Degree in Electronic Engineering from The Hong Kong Polytechnic University. Mr. Cheung founded Hammer Capital Group Limited in 2013.

Prior to founding Hammer Capital Group Limited, he was the Director in Capital Markets of Merrill Lynch (Asia Pacific) Limited ("Merrill Lynch"). Prior to his position at Merrill Lynch, Mr. Cheung was the Head of Strategic Equity Solutions of Asia Pacific of Citigroup Global Markets Asia Limited. Mr. Cheung had also held key positions in various major investment banks in Asia Pacific such as Calyon Corporate & Investment Bank (presently known as Crédit Agricole Corporate & Investment Bank) and Jardine Fleming Holdings Limited (a member of JPMorgan Chase & Co.).

Ms. So Tsz Kwan, aged 39, has 17 years of experience in audit and investment management. Since 2018, Ms. So has been serving as a vice president at Ruima Hong Kong Limited, which provides customized structured financing and corporate solutions to clients. Prior to joining Ruima, Ms. So worked at NWS Infrastructure Management (HK) Limited, a subsidiary of NWS Holdings Limited (a company listed on the Main Board of the Stock Exchange) (stock code: 659), from 2011 to 2018 as a manager, who is responsible for project management of the water sector.

She had also previously worked at Grant Thornton and PricewaterhouseCoopers for over 6 years. Ms. So was graduated from the Hong Kong Baptist University with a Bachelor's Degree in Business Administration (Accounting) in 2004 and has been a member of the Hong Kong Institute of Certified Public Accountants since 2010. Ms. So is currently an independent non-executive director of MIE Holdings Corporation.