Abelco Investment Group

Item 10. Election of Board of Directors and Auditor

Major shareholders, representing approximately 25 percent of the shares and votes in the Company, propose a Board of three ordinary members and one individually appointed auditor until the next Annual General Meeting.

The major shareholders propose the re-election of the current board members Liou Nyap Gan and Kin Wai Lau. Liou Nyap Gan is proposed to be elected Chairman of the Board. Liu Zhucheng is proposed for election as a new board member.

Dr Liu Zhucheng holds a PhD from Royal Holloway, University of London, an LL.M. from King’s College London and a master’s degree in business from the University of Oxford. He is a UK resident and is active in private equity and private investment projects, with a particular focus on European projects funded by family offices. He previously served as an economist at the Bank of England and has more than 20 years of experience in finance, investment and research.

The major shareholders further propose the re-election of authorised public accountant Ben Mahajerzadeh-Heidari of Fineasity AB as auditor until the next Annual General Meeting.