Sino Vision Worldwide Holdings announces that Mr. Wang Shuhang (" Mr. Wang ") was appointed as an executive Director with effect from 26 October 2022. Mr. Wang, aged 37, has been the general manager of Hangzhou Gaoying Technology Company Limited. Mr. Wang completed his undergraduate degree in International Trade in Jiangxi Economics and Management College and has over 15 years of experience in e-commerce business. Mr. Wang has entered into a service contract with the Company for an initial term of one year commencing from 26 October 2022 unless terminated by not less than one month 's notice in writing served by either party to the other. Mr. Wang is subject to retirement and re-election at the next annual general meeting of the Company after his appointment and thereafter subject to retirement by rotation in accordance with the bye-laws of the Company and the GEM Listing
Rules. He is entitled to an annual director's fee of HKD 10,000 which was determined by the Board and the remuneration committee of the Company with reference to his background, qualifications, experience, level of responsibilities undertaken with the Company and prevailing market conditions.