The board of directors of SMC Electric Limited announced that Mr. Chow Kai Chiu, David has been appointed as an executive director of the Company with effect from 28 March 2022. Mr. Chow Kai Chiu, David Chartered Financial Analyst, joined the Group in 2004. Mr. CHOW received his Bachelor degree of Applied Science in Computer Engineering and his Master's degree in Business Administration from the University of Waterloo and York University, Canada. He has previously held positions at First Marathon Securities Limited in Canada, Asian Capital Partners, and HSBC Private Equity (Asia) Limited in the corporate finance and investment management field. He is a director of certain subsidiaries of the Group. He is also a director and the Deputy Chief Executive of Shell Electric Holdings Limited. He was an executive Director of PFC Device Inc. (Stock Code: 8231), which was delisted on 25 March 2022, since 21
March 2016 to 25 March 2022.