Trio Industrial Electronics Group Limited and its subsidiaries announced that Ms. Law Ying Wai Denise and Mr. Hau Siu Laam will be appointed as independent non-executive Directors with effect from 1 August 2022. Following their appointments, Ms. Law will also be appointed as a chairman of the audit committee of the Board and a member of each of the remuneration committee, the nomination committee and the risk management committee of the Board. Mr. Hau will also be appointed as a chairman of Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee.

Ms. Law, aged 40, is currently a Director of Halcyon Capital Limited which specialises in initial public offerings and corporate advisory in mergers and acquisitions. Ms. Law possesses over 15 years of experience in corporate finance and auditing. She used to work for an international accounting firm and other corporate finance arms of financial institutions in Hong Kong.

She graduated from the University of New South Wales in Australia with a degree of Bachelor of Commerce in Accounting and Finance in April 2004. She is also a member of the American Institute of Certified Public Accountants. Mr. Hau, aged 37, is currently an executive director of Asian Capital Limited, a corporation licensed to carry on Type 1, Type 4 and Type 6 regulated activities under the Securities and Futures Ordinance.

Mr. Hau possesses over 15 years of experience in corporate finance, corporate advisory and auditing. Mr. Hau obtained a degree of Bachelor of Arts with a major in Accountancy and a minor in Corporate Finance from The Hong Kong Polytechnic University in December 2006, and is a member of the Hong Kong Institute of Certified Public Accountants. Save as disclosed above, as at the date of this announcement, Ms. Law and Mr. Hau do not hold any directorship in public companies listed on any securities market in Hong Kong or overseas in the last three years, do not have any other major appointments and professional qualifications, and do not hold any position in any members of the Group.

Ms. Law and Mr. Hau are not related to any Director, senior management, substantial shareholder or controlling shareholder of the Company. As at the date of this announcement, Ms. Law and Mr. Hau do not have interest in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Each of Ms. Law and Mr. Hau has entered into a letter of appointment with the Company.

Each of their appointments is for a period of three years commencing from 1 August 2022 and is subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Each of Ms. Law and Mr. Hau is entitled to a director's fee of HKD 20,000 per month which was determined by the Board with the authorisation of the Company's shareholders and recommendation from the Remuneration Committee with reference to their experience and prevailing market levels. Save as disclosed above, each of Ms. Law and Mr. Hau confirmed that there are no other matters in relation to their appointments that need to be brought to the attention of the shareholders of the Company and there are no other information that should be disclosed pursuant to Rules 13.51(2)(h) to 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Following the above appointments of independent non-executive Directors, members and chairman of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Risk Management Committee (collectively, the "Board Committees"), the Company has complied with the requirements of Rules 3.10(1), 3.10(2), 3.10A, 3.21, 3.25 and 3.27A of the Listing Rules and the terms of reference of each of the Board Committees.