Global Corn Group Limited — Board/Management Information 2020

Dec 17, 2020

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.

GLOBAL SWEETENERS HOLDINGS LIMITED 大成糖業控股有限公司[*]

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 03889)

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Mr. Tai Shubin has been appointed as an executive Director with effect from 17 December 2020.

The Board (the “ Board ”) of directors (the “ Directors ”) of Global Sweeteners Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that Mr. Tai Shubin (“ Mr. Tai ”) has been appointed as an executive Director with effect from 17 December 2020.

Mr. Tai, aged 40, graduated from 吉林工商學院 (Jilin Business and Technology College*) (formerly known as 吉林糧食高等專科學校 (Jilin Grain College*)) in July 2004 majoring in financial management. In December 2014, he obtained a Bachelor’s degree in social work and management from Jilin University. Mr. Tai has over 15 years of experience in accounting and financial management in the agricultural industry. From July 2004 to July 2018, Mr. Tai served in the finance/ accounting departments in various state-owned enterprises in Jilin Province’s agricultural sector, including 吉林吉糧平安米業有限公司 (Jilin Jiliang Ping’an Rice Industry Co., Ltd.), 吉林糧食 資產管理有限公司 (Jilin Grain Asset Management Co., Ltd.) and 吉林省農業投資集團有限公司 (Jilin Province Agricultural Investment Group Co., Ltd.*) (“ Nongtou ”). Since August 2016, Mr. Tai has been appointed as a director of Nongtou. Mr. Tai has become the chief financial controller for mainland China region of Global Bio-chem Technology Group Company Limited (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) (Stock Code: 00809) and a controlling shareholder of the Company) since July 2018.

• For identification purpose only

— 1 —

As at the date of this announcement, Mr. Tai does not have any interest in the shares or underlying shares in the Company or its associated corporations within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Tai had not held any directorship in other listed public companies in Hong Kong or overseas during the three years immediately before his appointment as an executive Director or any other major appointments and qualifications. Mr. Tai is not related to any Directors, senior management or substantial or controlling shareholders of the Company.

Mr. Tai has entered into a service contract with the Company for an initial term of one year commencing from 17 December 2020, which shall be renewable automatically for successive terms of one year unless terminated by at least three months’ written notice served by either party at any time during the then existing term. Under the service contract, Mr. Tai is not entitled to any director’s emoluments for his appointment as a Director.

Save as disclosed above, the Board is not aware of any other matters in relation to the appointment of Mr. Tai as executive Director that need to be brought to the attention of the holders of securities of the Company, nor is there any information to be disclosed by the Company pursuant to any of the requirements under Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange. The Board would like to take this opportunity to express its warmest welcome to Mr. Tai to the Board.

An updated list of Directors and their roles and functions including the composition of each of the committees of the Board will be made available on the websites of the Stock Exchange and the Company in due course.

By order of the Board Global Sweeteners Holdings Limited Zhang Zihua Acting Chairman

Hong Kong, 17 December 2020

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Zhang Zihua and Mr. Tai Shubin; and three independent non-executive Directors, namely, Mr. Fan Yeran, Mr. Fong Wai Ho and Mr. Lo Kwing Yu.

— 2 —