China Information Technology Development Limited — Board/Management Information 2021

Mar 31, 2021

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.

==> picture [112 x 58] intentionally omitted <==

==> picture [271 x 38] intentionally omitted <==

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8178)

(1) RESIGNATION OF EXECUTIVE DIRECTOR; (2) APPOINTMENT OF EXECUTIVE DIRECTOR; AND

(3) CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT

The Board hereby announces the following changes with effect from 31 March 2021:

• (1) Mr. Wong Kui Shing, Danny resigned as the Executive Director;

• (2) Mr. Chang Ki Sum Clark has been appointed as the Executive Director;

• (3) Mr. Chang Ki Sum Clark has resigned as the Company Secretary;

• (4) Mr. Wong King Shiu, Daniel has resigned as the Authorised Representative and Process Agent; and

• (5) Ms. Lam Mei Wai Michelle has been appointed as the Company Secretary, Authorised Representative and Process Agent.

The board of directors (the “ Board ”) of China Information Technology Development Limited (the “ Company ”) is pleased to announce the following changes of the Company with effect from 31 March 2021:

RESIGNATION OF EXECUTIVE DIRECTOR

Mr. Wong Kui Shing, Danny (“ Mr. Danny Wong ”) resigned as an executive director of the Company (“ Executive Director ”) to concentrate on his profession and career.

Mr. Wong has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (“ Shareholders ”).

– 1 –

The Board would like to take this opportunity to express its appreciation and gratitude to Mr. Danny Wong for his invaluable contributions to the Board during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

Mr. Chang Ki Sum Clark (“ Mr. Chang ”) has been appointed as the Executive Director with effect from 31 March 2021.

Biographic Details of Mr. Chang Ki Sum Clark (“Mr. Chang”)

Mr. Chang Ki Sum, Clark, aged 35, has been appointed as Executive Director with effect from 31 March 2021. He is currently compliance officer, one of the authorized representatives (the “ Authorised Representative(s) ”) of the Company pursuant to Rule 5.24 of the Rules Governing the Listing of Securities on the GEM (the “ GEM Listing Rules ”) of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and the process agent of the Company (the “ Process Agent ”) under Part 16 of the Companies Ordinance, Chapter 622 of the laws of Hong Kong. He is responsible overall financial management matters of the Group. He was the company secretary of the Company (the “ Company Secretary ”) from 18 June 2019 to 31 March 2021.

Mr. Chang is a member of The Hong Kong Institute of Certified Public Accountants. He has over 10 years of experience in auditing, accounting and company secretarial matters. He has obtained his bachelor degree of business administration in accountancy from the City University of Hong Kong in 2009. He is the founder and the managing director of Clark Chang & Co CPA Limited since December 2017.

Mr. Chang has entered into a service contract with the Company for a term of three years commencing from 31 March 2021. He is subject to retirement by rotation at least once every three years and in accordance with the articles of association of the Company. Mr. Chang is entitled to an annual salary of HK$500,000 and an annual director’s fee of HK$160,000 which are determined with reference to his experience and duties as well as prevailing market conditions. His remuneration is subject to review by the Board and the remuneration committee of the Company from time to time.

As at the date of this announcement, Mr. Chang does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

– 2 –

As at the date of this announcement, save as disclosed above, Mr. Chang does not hold any directorship in any other listed public companies in the last three years preceding the date of his appointment, and does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders (as defined under the GEM Listing Rules) of the Company.

Save as disclosed above, there is no information that should be disclosed pursuant to subparagraphs (h) to (v) of Rule17.50(2) of the GEM Listing Rules nor any other matters that need to be brought to the attention of the Shareholders in relation to the appointment of Mr. Chang.

The Board would like to take this opportunity to express its welcome to Mr. Chang upon his joining the Board.

CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND PROCESS AGENT

Following the appointment of Mr. Chang as Executive Director, Mr. Chang has resigned as the Company Secretary with effect from 31 March 2021.

Mr. Wong King Shiu, Daniel (“Mr. Daniel Wong”) , the Executive Director has resigned as the Authorised Representative and Process Agent with effect from 31 March 2021.

Ms. Lam Mei Wai Michelle has been appointed as the Company Secretary, Authorised Representative and Process Agent with effect from 31 March 2021.

Biographic Details of Ms. Lam Mei Wai Michelle (“Ms. Lam”)

Ms. Lam Mei Wai Michelle, has been appointed as Company Secretary, Authorized Representative and Process Agent with effect from 31 March 2021.

Ms. Lam holds a Bachelor of Arts from The University of Hong Kong and a Master of Science in Professional Accounting and Corporate Governance from City University of Hong Kong. She is a Chartered Secretary, Chartered Governance Professional and an Associate of both The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute (formerly The Institute of Chartered Secretaries and Administrators). She has more than 10 years in company secretarial field, providing professional corporate services to Hong Kong listed companies as well as private and offshore companies.

– 3 –

Mr. Daniel Wong confirmed that he has no disagreement with the Board and there are no circumstances that need to be brought to the attention of the Shareholders in relation to his resignation as Authorized Representative and Process Agent.

The Board will like to take this opportunity to extend a warm welcome to Ms. Lam on her new appointment.

By order of the Board China Information Technology Development Limited Wong King Shiu Daniel Chairman and Chief Executive Officer

Hong Kong, 31 March 2021

As of the date of this announcement, the Board comprises Mr. Wong King Shiu Daniel (Chairman and Chief Executive Officer), Mr. Chang Ki Sum, Clark as executive Directors; Mr. Hung Hing Man, Mr. Wong Hoi Kuen and Dr. Chen Shengrong as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will be available on the Company’s website http://www.citd.com.hk and will remain on the “Latest Listed Company Information” page on the GEM website at http://www.hkgem.com for at least 7 days from the date of its posting.

– 4 –