Value Convergence Holdings Limited — Board/Management Information 2021

Nov 1, 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.

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Value Convergence Holdings Limited

(Incorporated in Hong Kong with limited liability) Website: http://www.vcgroup.com.hk (Stock Code: 821)

APPOINTMENT OF AN EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Director(s) ”) of Value Convergence Holdings Limited (the “ Company ” , together with its subsidiaries, the “ Group ”) is pleased to announce that, with effect from 1 November 2021, Mr. Zhang Nu (“ Mr. Zhang ”) has been appointed as an executive Director. The biographical details of Mr. Zhang are set out below:

Mr. Zhang , aged 39, obtained bachelor degree of International Business and Trade from Si Chuan Normal University majored in 2004 and master degree in Software Engineering from East China Normal University in 2016.

Mr. Zhang had held senior position in a variety of companies including but not limited to sales director of South China of Shenzhen Digital China Co., Limited, general manager of Shenzhen Lan Yu Bo Chuang Technology Co., Limited*, vice president of Fujian Jiu Ze Culture and Broadcasting Co., Limited* and vice president of Beijing E-Sports Culture & Technology Co., Limited*.

Mr. Zhang has over 10 years’ experience in sales management of the Mainland and overseas well-known brands’ electronic consumer products and internet related products, and is familiar with channel sales and major customers’ development.

Mr. Zhang does not hold any directorships in other listed public companies in the past three years and does not hold any other position with the Company and other members of the Group.

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Mr. Zhang has a service agreement with the Company which may be terminated by either party by written notice of not less than one month and subject to rotation, retirement and re-election at annual general meeting pursuant to articles of association of the Company. Mr. Zhang is entitled to a director’s fee of HK$90,000 per month. The amount of emolument is determined by arm-length negotiation between the parties with reference to his duties and responsibilities with the Company, the Company’s emolument policy and the prevailing market conditions.

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

Mr. Zhang has no relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company and there is no other matter which needs to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange.

The Board would like to express its warm welcome to Mr. Zhang on his appointment.

By Order of the Board of Value Convergence Holdings Limited Fu Yiu Man, Peter Chairman & Executive Director

Hong Kong, 1 November 2021

As at the date of this announcement, the Board comprises four executive Directors, namely, Mr. Fu Yiu Man, Peter (Chairman), Mr. Lin Hoi Kwong, Aristo, Ms. Li Cindy Chen and Mr. Zhang Nu; and three independent non-executive Directors, namely, Mr. Wong Chung Kin, Quentin, Mr. Wong Kam Choi, Kerry, MH and Mr. Siu Miu Man, Simon, MH.

• For identification purpose only.

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