Vision Values Holdings Ltd. — Board/Management Information 2020

Mar 3, 2020

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VISION VALUES HOLDINGS LIMITED 遠見控股有限公司

(Incorporated in the Cayman Islands with limited liability) ( Stock Code: 862 )

ANNOUNCEMENT

APPOINTMENT OF EXECUTIVE DIRECTOR

Mr. Chris Lo has been appointed as an executive director with effect from 3 March 2020.

The board of directors (the “ Board ”) of Vision Values Holdings Limited (the “ Company ” together with its subsidiaries, the “ Group ”) is pleased to announce that Mr. Lo, Chris Cze Wai (“ Mr. Chris Lo ”), has been appointed as an executive director of the Company with effect from 3 March 2020.

Mr. Chris Lo, aged 26, holds a master’s degree of Engineering in mechanical engineering from University of Bristol, UK. He joined the Group in 2017 and is a director of a subsidiary of the Group. He also has experienced in property management and corporate finance. He is the son of Mr. Lo Lin Shing, Simon, the chairman and the substantial shareholder of the Company, and the brother of Lo, Rex Cze Kei, an executive director of the Company.

There is no service contract between the Company and Mr. Chris Lo. The term of appointment of Mr. Chris Lo is subject to retirement by rotation and re-election in accordance with the Articles of Association of the Company and Code Provision A.4.2 of the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”). Mr. Chris Lo shall retire at the first general meeting of the Company after his appointment but will then be eligible for re-election. Mr. Chris Lo is entitled to a monthly emolument of HK$50,000 with discretionary bonus which is determined by the Board with reference to his duties and responsibilities with the Company, the Company’s performance and the prevailing market situation.

Save as disclosed above, as at the date of this announcement, Mr. Chris Lo (i) does not hold any share options granted by the Company within the meaning of Part XV of the Securities and Futures Ordinance (Cap.571 of the Laws of Hong Kong); (ii) does not have any relationships with any other directors, senior management, substantial or controlling shareholders (as defined in the Listing Rules) of the Company; (iii) does not hold any other positions in the Company or any of its subsidiaries; and (iv) does not hold any directorship in any other listed public company in the three years preceding the date of this announcement.

To the best knowledge of the Board, save as disclosed above, there are no other matters relating to the appointment of Mr. Chris Lo as an executive Director that need to be brought to the attention of the shareholders nor any information required to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules.

The Board would like to extend a warm welcome to Mr. Chris Lo for joining the Board.

By Order of the Board Vision Values Holdings Limited Tang Chi Kei Company Secretary

Hong Kong, 3 March 2020

As at the date of this announcement, the Board comprises eight Directors, including Mr. Lo Lin Shing, Simon, Mr. Ho Hau Chong, Norman, Ms. Yvette Ong, Mr. Lo, Rex Cze Kei and Mr. Lo, Chris Cze Wai as Executive Directors, Mr. Tsui Hing Chuen, William JP, Mr. Lau Wai Piu and Mr. Lee Kee Wai, Frank as Independent Non-executive Directors.