The Board of Silver Tide Holdings Limited announced that with effect from the close of the Offer on 20 October 2022: (1) Mr. Ip Chi Ming, Mr. Wong Kin Wah and Ms. Hui Nok Yi have resigned as executive Directors; and (2) Mr. Tang Chi Wang, Mr. Pau Chi Hoi and Mr. Law Chi Hung have resigned as independent non-executive Directors. The Board further announces that with effect from the close of the Offer on 20 October 2022: (1) Mr. Wang has been appointed as executive Director; (2) Mr. Cai Huihui ("Mr. Cai"), Ms. Liu Jingna ("Ms. Liu") and Mr. Ruan Dongdong ("Mr. Ruan") have been appointed as non-executive Directors; and (3) Mr. Wang Wenxing, Mr. Xu Da ("Mr. Xu") and Ms. Florence Ng ("Ms. Ng") have been appointed as independent non-executive Directors. The biographical details of the abovementioned newly appointed Directors (the "New Directors") are set out below: Mr. Wang, aged 51, has extensive experience in agriculture, healthcare, culture tourism, real estate development and environmentally friendly construction industries in the PRC. He has been the chairman of the board and the general manager of Jinke Investment Holding Co. Ltd.* since 2017 which is principally engaged in asset management, investment management, agriculture, healthcare, culture tourism, real estate development, environmental friendly construction in the PRC. Mr. Wang is currently a member of the executive committee of Shanghai Pudong New Area Association of Industry and Commerce* and the vice president of the Shanghai Association of Enterprises (Chambers of Commerce) in Shanghai*. Mr. Wang studied plastics engineering in Zhejiang University of Technology and graduated in July 1994. He obtained a master's degree in accounting in December 2004 from The University of Wollongong in Australia. Mr. Cai, aged 36, has served as the chairman of the board of Hangzhou Jiuchen Yuanke Trading Company Limited* since April 2018. He has also served as the chairman of the board of Shenzhen Yuanqu Technology Company Limited* since October 2018. Mr. Cai worked as an analyst at Shanghai Juma Metal Material Company Limited* from July 2008 to September 2011 and was the general manager of Shanghai Zheyue Industrial Company Limited* from November 2011 to March 2013. He was also a senior partner at Yisi Asset Management (Shanghai) Company Limited from March 2013 to March 2018. Ms. Liu, aged 35, has been the general manager of the purchasing management centre of Jinke
Investment Holding Co. Ltd. since November 2015. She worked at Carrefour (China) Management & Consulting Service Co. Ltd. from May 2013 to September 2014 with her last position as expenses purchasing manager of non-commodity purchasing centre. She also worked as an assistant of the national fresh food department of Tesco (China) Investment Co. Ltd. from November 2009 to April 2013.