EFT Solutions Holdings Limited — Board/Management Information 2017

Oct 13, 2017

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.

EFT Solutions Holdings Limited 俊盟國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8062)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR CHAIRMAN OF REMUNERATION COMMITTEE AND MEMBER OF AUDIT COMMITTEE AND NOMINATION COMMITTEE

The Board (the “ Board ”) of directors (the “ Director(s) ”) of EFT Solutions Holdings Limited (the “ Company ”) is pleased to announce that the Board has resolved on 13 October 2017 to appoint Mr. Ng Ming Fai (“ Mr. Ng ”) as an independent non-executive Director (“ INED ”), the chairman of remuneration committee (“ Remuneration Committee ”), a member of each of the audit committee (“ Audit Committee ”) and the nomination committee (“ Nomination Committee ”) of the Company with effect from 13 October 2017.

The biographical details of Mr. Ng are set out below.

Mr. Ng, aged 44, obtained a Graduate Diploma in Transportation Logistics Management from Hong Kong University of Science and Technology in May 2000 and a Bachelor of Art degree in Administrative and Financial Studies (Major in Financial Accounting and Economics) from University of Western Ontario in June 1996.

Mr. Ng is currently a director responsible for Distribution Services in North Asia of Expeditors Hong Kong Ltd. since March 2013. Mr. Ng joined CTO (HK) Ltd. as Assistant Manager in May 1996 and was promoted to Service Support Manager responsible for internal promotion from January 1997 to April 1998. From May 1998 to September 1998, Mr. Ng joined Kintetsu World Express as Assistant Manager. Mr. Ng had been working in UPS Supply Chain Solutions (previously known as UPS WWL and UPS LG) from March 1999 to August 2003. Before Mr. Ng was promoted to the position of Project Manager responsible for internal promotion in UPS Supply Chain Solutions, he joined Accenture Company Ltd. (previously known as Andersen Consulting) as Analyst from September 2000 to March 2001. Prior to joining Expeditors Hong Kong Ltd., Mr. Ng held numerous positions in Geo Logistics Ltd since 2003. He was General Manager responsible for logistics and distribution of Geo Logistics Ltd. and other logistics and distribution and Supply Chain services companies.

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Save as disclosed herein, as at the date of this announcement, (i) Mr. Ng does not hold any position in the Company or any of its subsidiaries nor have any relationship with any Director, senior management or substantial or controlling shareholders (having the meaning ascribed to it in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”) of the Company; (ii) Mr. Ng has not held any directorship in other public companies, the securities of which are listed on any securities market in Hong Kong in the past three years or other major appointments and professional qualifications; and (iii) Mr. Ng does not have any interest in the shares or underlying shares of the Company or any of its associated corporations as the date of this announcement which is required to be disclosed under Part XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

Mr. Ng has entered into a service agreement with the Company under which he is appointed for a period of three years, but is subject to retirement by rotation and re-election at the annual general meeting of the Company at least once every three years in accordance with the articles of association of the Company. Mr. Ng is entitled to receive a Director’s remuneration at a monthly rate of HK$12,000 as recommended by the Remuneration Committee and determined by the Board which has been determined by reference to his duties and responsibilities with the Company, the Company’s performance and the prevailing market conditions. The emoluments of Mr. Ng is subject to review by the Board and the Remuneration Committee from time to time.

Save as disclosed herein, the Board is not aware of any other information in relation to Mr. Ng that is required to be disclosed to the Company nor any other information which is required to be disclosed pursuant to rules 17.50(2)(h) to (v) of the GEM Listing Rules or any other matter that needs to be brought to the attention of the shareholders of the Company in relation to Mr. Ng’s appointment.

Following the appointment of Mr. Ng as an INED, the chairman of the Remuneration Committee, a member of each of the Audit Committee and Nomination Committee of the Company with effect from 13 October 2017, one-third of the board is independent non-executive director, the number of independent non-executive directors, the number of the audit committee member and the chairman of the remuneration committee as required under Rule 5.05(1), Rule 5.06, Rule 5.28 and Rule 5.34 of the GEM Listing Rules will be fulfilled by the Company. The Board would like to extend its welcome to Mr. Ng for joining the Board.

By Order of the Board EFT Solutions Holdings Limited Lo Chun Kit Andrew

Chairman and Chief Executive Officer

Hong Kong, 13 October 2017

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As of the date of this announcement, the Board comprises executive Directors Mr. Lo Chun Kit Andrew and Mr. Lo Chun Wa; non-executive Directors Ms. Lam Ching Man and Mr. Lui Hin Weng Samuel; and independent non-executive Directors Mr. Lam Keung, Ms. Yang Eugenia and Mr. Ng Ming Fai.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules 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 remain on the Stock Exchange’s website at www.hkexnews.hk and the GEM website at www.hkgem.com on the “Latest Company Announcements” page for at least seven days from the date of its posting and be posted on the website of the Company at www.eftsolutions.com.

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