Clara Cheng Kit Sum Replaces Kwong Wai Man as CFO of Sheng Yuan

Kwong Wai Man has resigned as Chief Financial Officer of Sheng Yuan Holdings Limited.

Replacing Kwong is Clara Cheng Kit Sum, an Executive Director of Sheng Yuan.

Cheng served as Qualified Accountant of Heng Xin China Holdings Limited (formerly Tiger Tech Holdings Ltd) since November 10, 2008 and also its Financial Controller.

Cheng served as Company Secretary of Heng Xin China Holdings Limited from November 10, 2008 to January 1, 2014. She served as Chief Financial Officer, Financial Controller and Qualified Accountant of Media Asia Group Holdings Limited (formerly Rojam Entertainment Holdings Ltd).

She was responsible for managing Media Asia Group Holdings Ltd.'s Finance and Accounting Processes, Maintaining Finance Control and performing statutory financial reporting. Cheng joined Media Asia Group Holdings Limited in May 2000.

Cheng has about 20 years of professional and senior managerial experiences in legal compliance, corporate financial planning and management. She has also worked at First Shanghai Capital Limited and PricewaterhouseCoopers. She has been an Executive Director at Sheng Yuan Holdings Limited since June 1, 2014.

Cheng served as Executive Director of Media Asia Group Holdings Limited since July 25, 2007 until January 28, 2008.

She is a Certified Public Accountant registered with the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants.

Cheng holds a Bachelor's Degree in accountancy from the Hong Kong Polytechnic University and Master of Science Degree in Finance.

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