Apollo Future Mobility Group Limited — Board/Management Information 2018

Dec 17, 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(Incorporated in the Cayman Islands with limited liability) (Stock Code: 860)

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE IN COMPOSITION OF BOARD COMMITTEES

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of WE Solutions Limited (the ‘‘Company’’) announces that Mr. Heung Chee Hang, Eric (‘‘Mr. Heung’’) has tendered his resignation as an independent non-executive Director with effect from 17 December 2018 due to his other business commitments.

Mr. Heung has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company in relation to his resignation as an independent non-executive Director.

The Board would like to take this opportunity to express its gratitude to Mr. Heung for his valuable contributions to the Company during his tenure of office.

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CHANGE IN COMPOSITION OF BOARD COMMITTEES

The Board also announces the following changes to the composition of the following Board committees:

• (a) Following the resignation of Mr. Heung as an independent non-executive Director, Mr. Heung has ceased to be the chairman and a member of the remuneration committee of the Board (the ‘‘Remuneration Committee’’) and a member of each of the audit committee of the Board (the ‘‘Audit Committee’’) and the nomination committee of the Board (the ‘‘Nomination Committee’’), all with effect from 17 December 2018;

• (b) Mr. Peter Edward Jackson, an independent non-executive Director, has been appointed as a member of each of the Audit Committee, the Remuneration Committee, the Nomination Committee and the corporate governance committee of the Board, all with effect from 17 December 2018; and

• (c) Mr. Teoh Chun Ming, an independent non-executive Director and an existing member of the Remuneration Committee, has been appointed as the chairman of the Remuneration Committee with effect from 17 December 2018.

By order of the Board WE Solutions Limited Ho King Fung, Eric Chairman

Hong Kong, 17 December 2018

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Ho King Fung, Eric (Chairman) and Mr. Ho Chi Kit; one non-executive Director, namely Mr. Zhang Jinbing (Co-Chairman); and three independent non-executive Directors, namely Mr. Tam Ping Kuen, Daniel, Mr. Teoh Chun Ming and Mr. Peter Edward Jackson.

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