SIM Technology Group Limited — Board/Management Information 2026

Jan 30, 2026

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.

SIM TECHNOLOGY GROUP LIMITED

晨訊科技集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 2000)

RESIGNATION OF COMPANY SECRETARY;
CHANGE OF CHIEF FINANCIAL OFFICER, AUTHORISED REPRESENTATIVE AND
PROCESS AGENT;
APPOINTMENT OF JOINT COMPANY SECRETARIES;
AND
WAIVER FROM STRICT COMPLIANCE WITH RULES 3.28 AND 8.17 OF
THE LISTING RULES

RESIGNATION OF COMPANY SECRETARY AND CHANGE OF CHIEF FINANCIAL OFFICER, AUTHORISED REPRESENTATIVE AND PROCESS AGENT

The board (the "Board") of directors (the "Directors", each a "Director") of SIM Technology Group Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that Ms. Chan Chi Yin ("Ms. Chan") has resigned as (i) the chief financial officer of the Company (the "Chief Financial Officer"); (ii) the company secretary of the Company (the "Company Secretary"); (iii) an authorised representative of the Company (the "Authorised Representative") as required under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and (iv) the authorised representative of the Company for the acceptance of service of process and notices on behalf of the Company in Hong Kong under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent"), all with effect from 30 January 2026.

Ms. Chan has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange.

The Board further announces that Mr. Zhu Wenhui ("Mr. Zhu"), an executive Director, has been appointed as the Chief Financial Officer, the Authorised Representative and the Process Agent with effect from 30 January 2026.

The Company would like to express its sincere gratitude to Ms. Chan for her invaluable contribution and services to the Company during her tenure of office.

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2

APPOINTMENT OF JOINT COMPANY SECRETARIES

The Board is pleased to announce that Mr. Zhu and Ms. Cheng Ka Wai (“Ms. Cheng”) have been appointed as the joint company secretaries of the Company (the “Joint Company Secretaries”) with effect from 30 January 2026.

Biography details of each of Mr. Zhu and Ms. Cheng are set out as below:

Mr. Zhu

Mr. Zhu, aged 44, joined the Group as an accountant in December 2005 and he has been an executive Director since February 2021. He is also currently the general manager of the finance department of the Group’s operations headquarters in the People’s Republic of China (the “PRC”) with primary responsibilities including leading the establishment of financial management system that meets the needs to the Group’s strategic development and enhancing the Group’s financial system in terms of comprehensive budgeting, accounting analysis, and risk management and control. From 2004 to 2005, Mr. Zhu was the credit manager at the Shanghai branch of Bank of Communications where he was responsible for corporate risk management and credit assessment. He also has extensive experience in capital operations projects, international settlements, taxation and capital management required for the operation of PRC companies.

Mr. Zhu obtained a bachelor’s degree in economics from Tongji University in 2004. He is a Certified Management Accountant of the Institute of Management Accountants in the United States of America.

Ms. Cheng

Ms. Cheng was admitted as a solicitor in the High Court of Hong Kong in 2002 and has been practising as a corporate and commercial lawyer in Hong Kong since then. Ms. Cheng is a partner of LCH Lawyers LLP, a law firm in Hong Kong. Ms. Cheng possesses over 20 years of experience in corporate and commercial matters and has handled a number of corporate mergers and acquisitions, corporate restructurings, initial public offerings, post-IPO financing, corporate governance, general commercial contracts and other corporate transactions.

Ms. Cheng is a qualified individual and capable of discharging the functions of company secretary as set out in Rule 3.28 of the Listing Rules.

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3

WAIVER FROM STRICT COMPLIANCE WITH RULES 3.28 AND 8.17 OF THE LISTING RULES

Pursuant to Rule 8.17 of the Listing Rules, a listed issuer must appoint a company secretary who satisfies Rule 3.28 of the Listing Rules. Pursuant to Rule 3.28 of the Listing Rules, the company secretary must be an individual who, by virtue of his/her academic or professional qualifications or relevant experience, is, in the opinion of the Stock Exchange, capable of discharging the functions of company secretary.

Ms. Cheng, being one of the Joint Company Secretary, meets the requirements of Note 1 to Rule 3.28 of the Listing Rules and will work closely with and assist Mr. Zhu in discharging his functions as the company secretary of the Company for the first three years commencing from the date of Mr. Zhu’s appointment as one of the Joint Company Secretaries.

Despite Mr. Zhu currently does not possess the relevant qualifications of company secretary as required under Rule 3.28 of the Listing Rules, having considered, among other things, that (i) Mr. Zhu has in-depth understanding of the principal businesses of the Group, the revenue of which are substantially generated from the PRC, as well as his extensive knowledge on corporate governance and familiarity with the Listing Rules; (ii) his close working relationship with the Board and the management of the Group; and (iii) Mr. Zhu’s academic and professional qualifications as mentioned above, the Company is of the view that it is necessary and is in the best interests of the Company and its corporate governance to appoint Mr. Zhu as one of the Joint Company Secretaries. Therefore, in relation to the appointment of Mr. Zhu as one of the Joint Company Secretaries, the Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a waiver from strict compliance with the requirements of Rules 3.28 and 8.17 of the Listing Rules (the “Waiver”) for a period of three years from the date of appointment of Mr. Zhu as one of the Joint Company Secretaries (the “Waiver Period”) on the following conditions:

(i) Mr. Zhu must be assisted by Ms. Cheng during the Waiver Period; and
(ii) the Waiver could be revoked if there are material breaches of the Listing Rules by the Company.

Before the end of the Waiver Period, the Company must demonstrate and seek the Stock Exchange’s confirmation that Mr. Zhu, having had the benefit of Ms. Cheng’s assistance during the Waiver Period, has attained the relevant experience and is capable of discharging the functions of company secretary under Rule 3.28 of the Listing Rules such that a further waiver will not be necessary.

The Stock Exchange may withdraw or change the Waiver if the Company’s situation changes.

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The Board hereby would like to express its warmest welcome to Mr. Zhu and Ms. Cheng on their appointments as the Joint Company Secretaries.

By order of the Board
SIM Technology Group Limited
Wong Cho Tung
Chairman

30 January 2026

As at the date of this announcement, the executive Directors are Mr. Wong Cho Tung, Ms. Yeung Man Ying, Mr. Zhu Wenhui and Mr. Zhu Qi, the non-executive Director is Mr. Wong Hei, Simon, and the independent non-executive Directors are Ms. Lai Ka Fung May, Mr. Li Minbo and Mr. Yang Wentao.

• For identification purpose only