Golden Wheel Tiandi Holdings Company Limited announced that Mr. Janata David, Mr. Wong Ying Loi and Mr. Lie Tak Sen has decided not to offer himself for re-election at the annual general meeting of the Company held on 27 May 2022. Mr. Janata has served as a director of the Company since 2012 and has decided to retire as an executive director of the Company due to his other personal commitments which require more of his time. Each Mr. Wong and Mr. Lie has served as an independent non-executive director of the Company for more than nine years.

In line with the Company's diversity policy on board members and the requirements of the corporate governance code, each of them has decided to step down and take this opportunity not to offer himself for re-election at the AGM. Upon the conclusion of the AGM, Mr. Janata retired from his office as an executive director of the Company and each of Mr. Wong and Mr. Lie retired from their respective office as an independent non-executive director of the Company. Following the retirement of Mr. Wong, he ceased to be a member of the nomination committee of the Company.

Following the retirement of Mr. Lie, he ceased to be a member of each of the audit committee and remuneration committee of the Company and the company also announced that with effect from May 27, 2022, Ms. Wong Lai Ling is appointed as independent non-executive director and a member of each of the audit committee, remuneration committee and nomination committee of the Company. The biographical details of Ms. Wong are: Ms. Wong Lai Ling, aged 55, has wide experience in real estate investment and in operating businesses of real estate agency, money lending and car park operations. Ms. Wong holds an estate agent's licence (individual) issued by the Estate Agents Authority.

Currently, Ms. Wong is the director of Parton Parking Limited, a company founded by her and engages in car park operations in Hong Kong; Polycom Limited, a company founded by her and is a real estate agency licensed under the Estate Agents Authority; and Eve International Enterprise Limited, a company founded by her and engages in property investment. Since 2013, Ms. Wong has also been a manager of CNUTI Finance Company Limited, a company licensed as a money lender under the Companies Registry, which engages in money lending business. Ms. Wong was also involved in various associations, including: the founding President and the third Vice President of the Hong Kong Asia Youth Association from 2014 to 2017; the Treasurer of the Wanchai District Association (Community Volunteers) from 2013 to 2014; the Director of World Federation of Chinese Associations of Industry and Commerce in 2014; a member of the Friends of The Community Chest Wanchai District Committee from 2014 to 2016; · a member of the council of Overseas Xiamen Fraternal Association in 2015; and vice chief officer of the social affairs department of the General Association of Xiamen (H.K.) Ltd. from 2015 to 2019.