The board (the "Board") of directors (the "Directors") of MTT Group Holdings limited (the "Company", together with its subsidiaries, the "Group") announced that Mr. Ho Wang Shun () ("Mr. Ho") has been appointed as a non-executive Director with effect from 10 July 2023. The biographical details of Mr. Ho are set out below: Mr. Ho, aged 50, has over 25 years of experience in design and management of motorized gates, fire resistance products, structural steel and general metal works in building projects in Hong Kong. Mr. Ho is a sole proprietor and founder of WH Consultant, an engineering consultancy firm.

Mr. Ho is currently seconded to Hang Yick Gate Engineering Limited ("Hang Yick"), a subsidiary of Hang Yick Holdings Company Limited (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (stock code: 1894)), as a project manager (design). From March 2004 to March 2022, Mr. Ho worked as a project manager at Hang Yick, where he was primarily responsible for product design, safety check, cost analysis and marketing strategic planning. Mr. Ho obtained a Bachelor of Engineering (Mechanical Engineering) degree from Ryerson Polytechnic University (currently known as Toronto Metropolitan University) in Toronto, Canada in 1996.

The Board announced that Mr. Lo Kwok Loong Sammy () ("Mr. Lo") has been appointed as an independent non-executive Director with effect from 10 July 2023. The biographical details of Mr. Lo are set out below: Mr. Lo, aged 59, has over 30 years of experience in the securities and futures industry specialising in full spectrum of stock brokerage operations. Mr. Lo is currently an account director and a licensed representative of iFREE GROUP Securities and Futures Limited for Type 1 (dealing in securities) and Type 2 (dealing in future contracts) regulated activities under the SFO since April 2023.

From April 2003 to October 2022, Mr. Lo was managing director of First Shanghai Securities Limited and First Shanghai Futures Limited, both being subsidiaries of First Shanghai Investments Limited (a company listed on the Main Board of the Stock Exchange (stock code: 227)), where he was involved in the management of their commodities, US equities and fixed income business. Mr. Lo was a licensed responsible officer of First Shanghai Futures Limited for Type 2 (dealing in future contracts) and Type 5 (advising on future contracts) regulated activities under the SFO from November 2007 to October 2022 and from August 2019 to October 2022, respectively, as well as a licensed responsible officer of First Shanghai Securities Limited for Type 1 (dealing in securities) regulated activity under the SFO from November 2009 to October 2022. Mr. Lo obtained a Bachelor of Arts degree from the University of Toronto in 1986.

Mr. Lo has entered into a letter of appointment with the Company for an initial term of two years commencing from 10 July 2023. His appointment is however subject to, amongst others, early termination at any time by either party giving not less than three months' notice in writing or payment in lieu of notice, and retirement by rotation and re-election in accordance with the Articles of Association and the Listing Rules. Under the letter of appointment, Mr. Lo will be entitled to a director's fee of HKD 10,000 per month (excluding any discretionary bonus).

Mr. Lo's remuneration is determined by the Board, under the recommendation from the remuneration committee of the Company, with reference to his background, qualification, experience, duties and responsibilities within the Group and the prevailing market condition.