The board of directors of Target Insurance (Holdings) Limited announced that each of Mr. Chiam Tat Yiu (Mr. Chiam) and Mr. Yu Cho Tak (Mr. Yu) has been appointed as an independent non-executive Director with effect from 6 April 2022. Mr. Chiam has extensive experience in finance and accounting sectors. He worked in the Assurance & Advisory Business Services Department in Ernst & Young and worked at various positions in various companies
including CCB International (Holdings) Limited, CITIC International Assets Management Limited, Tai Shing International (Holdings) Limited. Mr. Yu has over 40 years of work experience in accounting and taxation and possesses extensive financial knowledge and practicing experience. Since 2002 and 2003, Mr. Yu has been the director of Guangzhou Junheng Tax Agent Co. and the deputy director of Guangdong Huijian Certified Public Accountants Co., respectively. The Board also announces that, with effect from 6 April 2022: Mr. Chiam has been appointed as the chairman of each of the Audit Committee and Risk Committee of the Board, and a member of each of the Nomination Committee and Remuneration Committee of the Board; and Mr. Yu has been appointed as the chairman of each of the Nomination Committee and Remuneration Committee of the Board, and a member of each of the Audit Committee and Risk Committee of the Board.