SMIT : APPOINTMENT OF NON-EXECUTIVE DIRECTOR

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SMIT HOLDINGS LIMITED

國 微 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2239)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of SMIT Holdings Limited (the "Company") wishes to announces that the Mr. Cai Jing ("Mr. Cai") has been appointed as a non-executive director of the Company with effect from 13 April 2021.

Mr. Cai, aged 39, graduated from the Chongqing University with a bachelor degree in communications engineering in June 2002, received a master's degree in communications engineering from the Beijing University of Posts and Telecommunications in February 2006, and received a master's degree in business administration from The National School of Development at

the Peking University in January 2016. Mr. Cai was previously a senior engineer at Flex (China) Electronics Company Limited* (偉創力（中國）電子設備有限公司) between April 2006 and April 2009, a technical manager at Ritt7Layers* (北京華瑞賽維通信技術有限公司) between April 2009

and July 2011, and a system specialist at Nokia (China) Investment Company Limited* (諾基亞 （中國）投資有限公司) between August 2011 and August 2014. Mr. Cai later became an analyst

at Cinda Securities Company Limited between May 2016 and September 2019, a vice president at Bank of China Financial Asset Investment Company Limited* (中銀金融資產投資有限公司)

between October 2019 and January 2020, before he became the senior manager in the Second Investment Department of Sino-IC Capital Ltd.* (華芯投資管理有限責任公司) since January

2020.

Save as disclosed above, Mr. Cai does not (i) have any relationship with any other Directors, senior management, substantial shareholders or controlling shareholders of the Company; (ii) hold and did not hold any directorship in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) hold any position with the Company and other members of the Group; or (iv) hold other major appointments and professional qualifications.

As at the date of this announcement, Mr. Cai does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Future Ordinance.

Pursuant to the letter of appointment dated 13 April 2021 and entered into between the Company and Mr. Cai, the appointment of Mr. Cai is for a term of three years commencing from 13 April 2021. The appointment of Mr. Liu is subject to the bye-laws of the Company and the Listing Rules which contain provisions for retirement by rotation and re-election of directors at annual general meetings of the Company. Mr. Cai will not receive any remuneration for being a non-executive director of the Company.

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Save as disclosed above, there is no other information relating to the appointment of Mr. Cai which is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules, and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to extend its warmest welcome to Mr. Cai to join the Board.

By order of the Board

SMIT Holdings Limited

Huang Xueliang

Chairman

Hong Kong, 13 April 2021

As at the date of this announcement, the executive Directors are Mr. Huang Xueliang (chairman and chief executive officer), Mr. Shuai Hongyu and Mr. Loong, Manfred Man-tsun; the non-executive Directors are Mr. Kwan, Allan Chung-yuen and Mr. Cai Jing; and the independent non-executive Directors are Mr. Zhang Junjie, Mr. Woo Kar Tung, Raymond and Mr. Jin Yufeng.

• For identification purpose only

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