Value Partners Group Limited — Board/Management Information 2025

Mar 13, 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.

VALUE PARTNERS GROUP LIMITED

惠理集團有限公司

(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 806)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR

RESIGNATION OF MR. TILL ROSAR

The board (the "Board") of directors (the "Directors") of Value Partners Group Limited (the "Company") announces that Mr. Till Rosar ("Mr. Rosar") has tendered his resignation as an independent non-executive Director, a member of each of the audit committee (the "Audit Committee"), the nomination committee (the "Nomination Committee") and the remuneration committee (the "Remuneration Committee") of the Company with effect from 13 March 2025, as he wishes to pursue his own business engagement.

Mr. Rosar has confirmed that there is no disagreement between him and the Board and there is no matter relating to his resignation which needs to be brought to the attention of shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to express its gratitude to Mr. Rosar for his valuable contribution to the Company.

APPOINTMENT OF MR. LEE WAI WANG ROBERT

The Board is pleased to announce that Mr. LEE Wai Wang Robert ("Mr. Lee") was appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 13 March 2025.

Mr. Lee, aged 44, has over 20 years of experience in the financial services industry. Currently, he serves as a member of the Legislative Council of Hong Kong SAR, representing the Financial Services Functional Constituency. He holds or held a few roles within the council, including being the Chairman of the Panel on Financial Affairs of the Legislative Council for 2025, after being the Panel's Chairman in 2024 and Vice Chairman in 2023. He is also the Chairman of Grand Finance Group Company Limited with effect from November 2024. Additionally, he is a member of the Hong Kong SAR Election Committee (Financial Services Subsector) since 2016, and a member of the Zhejiang Provincial Committee of the Chinese People's Political Consultative Conference, the Task Force on Enhancing Stock Market Liquidity, and the Working Group on Promoting Gold Market Development. His current executive roles include being the Executive Manager of Grand Investment (Bullion) Limited and the Executive Director of the Securities Division of Xin Yongan International Financial Holdings Limited. He holds the title of Permanent Honorary President of the Hong Kong Securities Association, where he served as Chairman from 2021 to 2023. Furthermore, he is the Vice Chairman of each of the Hong Kong Gold Exchange Limited (Chinese Gold & Silver Exchange Society), The Chinese General Chamber of Commerce, and the United Zhejiang Residents Association (Hong Kong) Limited, and the Vice President of the Shanghai Fraternity Association Hong Kong Limited.

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Previously, he was an Executive Director of Grand Capital Securities Limited and Grand Capital Futures Limited from 2020 to 2023, and was an Executive Director of Grand Investment International Limited (SEHK Main Board: 1160) from 2013 to 2017. He also served as an Executive Director of Grand Investment (Securities) Limited and Grand Investment (Futures) Limited from 2011 to 2019. He was also a Senior Vice President from 2007 to 2011 and an Executive Director from 2011 to 2024 of Grand Finance Group Company Limited. He was a member of the Cash Market Consultative Panel of Hong Kong Exchanges and Clearing Limited from 2018 to 2024, a member of the Standing Committee on Company Law Reform from 2016 to 2022, and a member of the Process Review Panel of the Securities and Futures Commission from 2012 to 2018.

He holds a Bachelor of Arts degree from Bard College and a Master of Science degree from the University of Pennsylvania.

Mr. Lee has entered into a letter of appointment with the Company in respect of his appointment for a term of three years starting from the date hereof, subject to early termination by either party by giving at least three months' prior notice in writing, or by the Company upon occurrence of events specified in the appointment letter. Pursuant to the Company's articles of association ("Articles"), Mr. Lee is subject to re-election at the first general meeting of the Company after his appointment, and in the case that he is re-elected, then he is subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the terms of the Articles. Upon the appointment of Mr. Lee as an independent non-executive Director, he will be entitled to receive a fee of HK$372,600 per annum, accrued on a day to day basis and payable in one lump sum in arrears. He is also eligible to participate in the share option scheme of the Company.

The emoluments of Mr. Lee have been approved, and are subject to annual review, by the Remuneration Committee, with reference to prevailing market conditions and to his duties and responsibilities at the Company. Save as disclosed above, as at the date of this announcement, Mr. Lee (i) does not hold any position with the Company or its subsidiaries; (ii) has not held any directorships in other listed public companies in the past three years; (iii) does not have any relationships with any Directors, senior management, substantial or controlling shareholders (as defined in the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules")) of the Company; and (iv) does not have any interest in the shares or underlying shares in the Company within the meaning of Part XV of the Securities and Futures Ordinance. There is no other matter in relation to the appointment of Mr. Lee that needs to be brought to the attention of shareholders of the Company and there is no other information relating to Mr. Lee which is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules. The Company confirms that Mr. Lee has confirmed that he meets the independence criteria as set out in each of Rule 3.13(1) to (8) of the Listing Rules and there are no other factors that may affect his independence at the time of his appointment.

The Board would like to take this opportunity to express its warmest welcome to Mr. Lee for joining the Board.

By order of the Board of
Value Partners Group Limited
CHEUNG Kwong Chi, Aaron
Company Secretary

Hong Kong, 13 March 2025

As of the date of this Announcement, our Directors are Ms. Lin Xianghong, Mr. So Chun Ki Louis, Ms. Hung Yeuk Yan Renee and Mr. Li Qian as Executive Directors; Dato' Seri Cheah Cheng Hye as Non-Executive Director; and Dr. Chen Shih Ta Michael, Mr. Wong Poh Weng and Mr. Lee Wai Wang Robert as Independent Non-executive Directors.