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SPEED APPAREL HOLDING LIMITED(to be renamed as EPS Creative Health Technology Group Limited (EPS創健科技集團有限公司))(Incorporated in the Cayman Islands with limited liability)(Stock code: 3860)(1) RESIGNATION AND APPOINTMENT OF
INDEPENDENT NON-EXECUTIVE DIRECTOR;AND(2) CHANGE IN COMPOSITION OF BOARD COMMITTEESRESIGNATION AND APPOINTMENT OF INDEPENDENT NON-EXECUTIVEDIRECTOR
The Board announces that, with effect from 9 July 2021, Mr. Cheung has tendered his resignation
as independent non-executive Director and Mr. Chan has been appointed as an independent nonexecutive Director.
CHANGE IN COMPOSITION OF THE BOARD COMMITTEESThe Board announces that, following his resignation as a Director, Mr. Cheung has also ceased tobe the chairman of the audit committee and a member of each of the remuneration committee andthe nomination committee of the Company with effect from 9 July 2021, and Mr. Chan has been
appointed as the chairman of the audit committee and a member of the remuneration committee
and the nomination committee of the Company in his place with effect from 9 July 2021.
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR
The board (the “Board”) of directors (the “Directors” and each a “Director”) of Speed Apparel
Holding Limited (the “Company”, together with its subsidiaries, the “Group”) announces that Mr.
Cheung Kwok Yu (“Mr. Cheung”) has tendered his resignation as independent non-executive
Director with effect from 9 July 2021 due to his desire to focus on his other business engagements.
- 1 -Mr. Cheung has confirmed that he has no disagreement with the Board and there are no other mattersrelating to his resignation that need to be brought to the attention of the shareholders of the Company(the “Shareholders”) and The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The Board would like to take this opportunity to express its sincere gratitude to Mr. Cheung for his
contribution to the Company during his tenure of office.
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
The Board is pleased to announce that Mr. Chan Cheuk Ho (“Mr. Chan”) has been appointed as anindependent non-executive Director with effect from 9 July 2021. The biographical details of Mr.
Chan are set out as follows:
Mr. Chan, aged 54, obtained a bachelor’s degree in business administration from the Chinese
University of Hong Kong in 1989 and a master’s degree in business administration from theUniversity of Manchester in 2003. Mr. Chan has been a fellow member of the Hong Kong Institute ofCertified Public Accountants since 2003. In the past 20 years, Mr. Chan has been the finance director,financial controller and company secretary of several companies listed on the Main Board of theStock Exchange. He has been (i) an independent non-executive director of Eagle Nice (International)
Holdings Limited, the issued shares of which are listed on the Main Board of the Stock Exchange(stock code: 2368) since November 2002; (ii) an executive director of Pine Technology Holdings
Limited, the issued shares of which are listed on the Main Board of the Stock Exchange (stock code:1079) since June 2017; and (iii) an independent non-executive director of Wai Chun Bio-Technology
Limited, the issued shares of which are listed on the Main Board of the Stock Exchange (stock code:660) since November 2020. He has also been the company secretary of Pine Technology Holdings
Limited since July 2017.
Pursuant to the letter of appointment entered into between the Company and Mr. Chan, he has been
appointed for a term of two years commencing from 9 July 2021 and is subject to the provision ofretirement and rotation of the Directors at the annual general meeting of the Company at least once
every three years in accordance with the articles of association of the Company. According to theterms of the letter of appointment, Mr. Chan is entitled to receive a director’s fee of HK$10,000 per
month, which has been recommended by the remuneration committee of the Company and approvedby the Board with reference to his qualifications, experience and responsibilities with the Company.
Mr. Chan has confirmed that he meets the independence criteria as set out in Rule 3.13 of the Rules
Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”).
Save as disclosed herein, as at the date of this announcement, Mr. Chan (i) does not hold any otherdirectorship in the last three years in other public company the securities of which are listed on any
securities market in Hong Kong or overseas; (ii) does not have any relationship with any otherdirectors, senior management or substantial or controlling shareholders of the Company; (iii) does nothold any position of the Company and other companies within the Group; and (iv) is not interested in
the shares of the Company as defined in Part XV of the Securities and Futures Ordinance (Chapter571 of the Laws of Hong Kong).
- 2 -Save as disclosed in this announcement, there is no other information relating to Mr. Chan required tobe disclosed pursuant to Rules 13.51(2)(h) to (v) of the Listing Rules and there are no other mattersin relation to his appointment that need to be brought to the attention of the Shareholders.
CHANGE IN COMPOSITION OF THE BOARD COMMITTEESThe Board also announces that, following his resignation as a Director, Mr. Cheung has also ceased
to be the chairman of the audit committee and a member of each of the remuneration committee andthe nomination committee of the Company with effect from 9 July 2021, and Mr. Chan has been
appointed as the chairman of the audit committee and a member of the remuneration committee andthe nomination committee of the Company in his place with effect from 9 July 2021.
The Board would like to take this opportunity to express its warmest welcome to Mr. Chan forjoining the Board.
By order of the Board
Speed Apparel Holding Limited
Mr. Gao Feng
Executive Director
Hong Kong, 9 July 2021
As at the date of this announcement, the executive Directors are Mr. Gao Feng (Chief ExecutiveOfficer) and Mr. Haribayashi Keikyo; the non-executive Directors are Mr. Okoso Satoshi (Nonexecutive Chairman) and Mr. Liang Fei; and the independent non-executive Directors are Mr.
Taguchi Junichi, Mr. Choi Koon Ming and Mr. Chan Cheuk Ho.

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