Time Interconnect Technology Limited — Board/Management Information 2025

Apr 11, 2025

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1729)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGES IN COMPOSITION OF BOARD COMMITTEES

This announcement is made pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board (the "Board") of directors (the "Director(s)") of Time Interconnect Technology Limited (the "Company") is pleased to announce that Ms. Chan Kit Fun Fanny ("Ms. Chan") has been appointed as an independent non-executive Director; the chairman of the nomination committee of the Company (the "Nomination Committee"); and a member of each of the audit committee (the "Audit Committee") and the remuneration committee (the "Remuneration Committee") of the Company with effect from 11 April 2025.

The biographical details of Ms. Chan are set out below:

Ms. Chan, aged 65, has over 30 years of experience in the banking and manufacturing industries. Her experience includes corporate and commercial banking, client coverage, strategic transformation, operations management, internal control and compliance, sales and marketing, new business set up and production management. She currently serves as a consultant to the chairman of KBL Group International Ltd., a company specialising in apparel marketing and manufacturing, with major markets in the United States and a production network across China and Asia. Ms. Chan has also been an independent non-executive director of Win Hanverky Holdings Limited, a company listed on the Stock Exchange (stock code: 3322), since July 2022.

Prior to that, Ms. Chan worked for China CITIC Bank International and Standard Chartered Bank in their respective wholesale banking divisions. She was also a senior executive in the subsidiaries of Boto International Holdings Ltd. (currently known as Imagi International Holdings Limited, a company listed on Stock Exchange (stock code: 0585)) from 1994 to 2004 during which she led its marketing of consumer products to global markets and supervised its manufacturing of certain product lines.

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Ms. Chan obtained her Master of Business Administration degree from The City University London and a Bachelor of Arts degree from The University of Hong Kong.

Ms. Chan has entered into a letter of appointment with the Company, pursuant to which Ms. Chan agreed to act as an independent non-executive Director for a term of 3 years commencing from 11 April 2025. Ms. Chan shall hold the office until the first annual general meeting of the Company after her appointment and shall then be eligible for re-election at that meeting pursuant to the articles of association of the Company. Ms. Chan is entitled to a director’s fee of HK$300,000 per annum, which was determined by the Board based on the recommendation of the Remuneration Committee with reference to, among other things, her qualifications, experience, responsibilities and prevailing market conditions.

Save as disclosed above and as at the date of this announcement, Ms. Chan (i) does not hold any other positions with the Company or any other members of the Group, nor other major appointment and professional qualifications; (ii) did not hold any directorship in any public companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years; (iii) 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); and (iv) does not have any relationships with any Directors, senior management, substantial shareholders, or controlling shareholders of the Company as defined in the Listing Rules.

Ms. Chan has confirmed that (i) she is independent as regards each of the factors referred to in Rule 3.13(1) to (8) of the Listing Rules; (ii) she has no past or present financial or other interest in the business of the Group or any connection with any core connected person (as defined under the Listing Rules) of the Company; and (iii) there are no other factors that may affect her independence at the time of her appointment.

Save as disclosed above, there is no other information that needs to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company.

CHANGE OF COMPOSITION OF BOARD COMMITTEE

Following the appointment of Ms. Chan, with effect from 11 April 2025, Mr. Luk Wai Shing has ceased to be the chairman of the Nomination Committee, but will remain as a member of the Nomination Committee. Ms. Chan has been appointed as the chairman of the Nomination Committee and also a member of the Audit Committee and the Remuneration Committee.

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The Board would like to take this opportunity to express its warmest welcome to Ms. Chan on her new appointment.

By order of the Board
Time Interconnect Technology Limited
Cua Tin Yin Simon
Executive Director and Chief Executive Officer

Hong Kong, 11 April 2025

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Cua Tin Yin Simon and Mr. Wong Chi Kuen, one non-executive Director, namely Ms. Wang Laichun and four independent non-executive Directors, namely Mr. Ho Hin Shun, Mr. Luk Wai Shing, Mr. Chan Chung Shun Eric and Ms. Chan Kit Fun Fanny.

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