Rc365 Holding Regulatory News (RCGH)

30 August 2022

RC365 Holding Plc

("RC365" or the "Company")

Directorate Change

RC365 Holding Plc ("RC365"), a company focusing on payment gateway solutions and IT support and security services, announces the appointment of Timothy Tang as an Executive Director and Chief Financial Officer. Timothy will join the Board with immediate effect, replacing Hon Keung Cheung (Vincent) who has resigned due to personal health concerns. Vincent will remain in the business and will be available to ensure a smooth handover during the upcoming months.

Timothy Tang, the Vice President and Finance Manager of Regal Crown Technology Limited, RC365's wholly-owned subsidiary, will be appointed as Executive Director and Chief Financial Officer. Timothy joined the group in October 2020 and has nearly 20 years' of audit and accountancy experience, having previously been a Partner at William Lee, Paul Tang & Co. and a Senior Auditor at Ernst and Young. Timothy holds a Bachelor of Commerce in Accounting from the University of New South Wales, is an associate member of CPA Australia and a member of The Hong Kong Institute of Certified Public Accountants.

Chi Kit Law (Michael), Executive Director and Chief Executive Officer, said:

 "I would like to take this opportunity, on behalf of the Board, to thank Vincent for his six years with RC365 and Regal Crown Technology Limited, during which time we have successfully completed an IPO and two acquisitions. I wish him all the best and a speedy recovery."

"I would also like to congratulate Timothy to his new CFO role. Timothy has built a strong understanding of the fintech solutions industry since joining the Group and I look forward to working with him as we continue to develop innovative products and services to attract new customers."

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