AMTD Digital Inc. Adopts Independent Majority Board Structure, Consistent with AMTD IDEA | New

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NEW YORK & SINGAPORE & HONG KONG–(BUSINESS WIRE)–August 30, 2022–

AMTD Digital Inc. (” Digital AMTD “or the” Company ”) (NYSE: HKD), a comprehensive one-stop digital solutions platform in Asia, today announced the appointment of new directors to strengthen its Board of Directors (the “ Plank ”).

Dr. Feridun Hamdullahpur and Ms. Joanne Shoveller have been appointed independent directors of the Company.

As a result of the above appointments, the board is currently composed of six directors, a majority of whom are independent directors.

Dr. Hamdullahpur was also appointed chairman of the audit committee. Dr. Hamdullahpur has been an Independent Director of AMTD Group, the company’s majority shareholder, since January 2019 and is also currently Chairman and Independent Director of AMTD IDEA Group, which controls the company. Dr. Hamdullahpur is currently Chancellor of the International Business University. He served as the sixth President and Vice-Chancellor of the University of Waterloo from 2010 to 2021. Previously, he served as Academic Vice-President and Provost at the University of Waterloo from September 2009 to September 2010. Dr Hamdullahpur has is Member of the Strategic Advisory Board of Sorbonne University since 2014 and Member of the International Advisory Board of King Abdulaziz University since 2017. He has served as Chair of the Waterloo Global Science Initiative since 2016. In 2015, Dr Hamdullahpur was appointed Chair of Canada’s Digital Infrastructure Leadership Council. Dr. Hamdullahpur was made a Fellow of the Canadian Academy of Engineering in July 2014. Dr. Hamdullahpur was awarded the Queen Elizabeth II Diamond Jubilee Medal in January 2013 in recognition of his leadership in education and innovation. Dr. Hamdullahpur received a Bachelor’s degree in Mechanical Engineering from the Technical University of Nova Scotia in 1976 and a Master’s degree in Mechanical Engineering from Istanbul Technical University in 1979. Dr. Hamdullahpur received his Ph.D. in chemical engineering from the Technical University of Nova Scotia in 1985.

Ms. Shoveller has served as President and Vice-Chancellor of the International Business University since January 2022, Ms. Shoveller previously served as Vice President of Advancement at the University of Waterloo from 2017 to 2021. Previously, Ms. Shoveller served progressive positions in part-time and continuing education, university advancement and Western University’s Ivey Business School. In 1997, she was posted to Hong Kong as part of the small team that founded Ivey’s Asian campus, executive MBA, research, case writing and fundraising programs. In 2001, Ms. Shoveller influenced the successful closing of the Ivey campaign, then assumed leadership of the Ivey MBA program until 2004, diversifying and strengthening her cohort of students and guiding the development of the program. Ms. Shoveller led advancement teams at the University of Guelph from 2004-2012 and INSEAD Business School in France from 2012-2016, building relationships with alumni, donors and businesses, growing donations from charities, contributing to strategic direction and launching two fundraising campaigns. Ms. Shoveller volunteers with organizations based in North America, Europe, Asia, Australia and Africa, from where she brings a rich international perspective to her work, as well as unique insight into the experience of students, faculty, employers and alumni. Ms. Shoveller holds a Bachelor of Arts from Wilfrid Laurier University and an MBA from the Ivey Business School at Western University.

Dr. Timothy Tong, Chairman of the Board and Independent Director of the company, said, “On behalf of the AMTD Digital Board of Directors, I welcome Dr. Feridun Hamdullahpur and Ms. Joanne Shoveller to join the board as independent directors. . Both Dr. Hamdullahpur and Ms. Shoveller have extensive management and leadership experience that will help the Board guide the future development of the company. I look forward to working closely with Dr. Hamdullahpur and Ms. Shoveller”.

Dr. Feridun Hamdullahpur said, “I am delighted to be appointed as an Independent Director to the Board of AMDD Digital. As Independent Chairman of the Board of AMTD IDEA Group, I have witnessed the birth and growth of AMTD Digital. Now, as a member of its board of directors, I will have more opportunities to participate and contribute to its future success. Under the chairmanship of Dr. Timothy Tong and with my colleague Joanne Shoveller joining the board, I believe AMDD Digital is stronger both in executing its vision and in governance.

Ms. Joanne Shoveller said: “The coming decades are filled with great global opportunities and challenges with digital at the heart of a vast majority of responses and solutions. It is an honor to join AMTD Digital as the company helps its global customers adapt to a rapidly changing digital economy and society.

The current composition of the Board not only allows the Company to adopt an independent majority board structure, but also to bring together and benefit from a large center of knowledge for the sharing of wisdom, commercial expertise and the best practices of the presidents of three renowned universities (current and retired) to guide the future strategy of the Society.

About AMDD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform in Asia. Its one-stop digital solutions platform operates four main business areas, including digital financial services, SpiderNet ecosystem solutions, digital media, content and marketing, and digital investments. It is the fusion reactor at the heart of the AMDD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem. For announcements from AMTD Digital Inc., please visit https://ir.amtdigital.net/investor-news.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by terms such as “will ‘, ‘expects’, ‘anticipates’, ‘aims’, ‘future’, ‘intends’, ‘plans’, ‘believes’, ‘estimates’, ‘is likely to’ and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statements except as required by applicable law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220830005773/en/

CONTACT: International Relations Office

AMDD Digital Inc.

TEL: +852 3163-3298

EMAIL: [email protected]

KEYWORD: NEW YORK NORTH AMERICA UNITED STATES ASIA PACIFIC HONG KONG SINGAPORE

SECTOR KEYWORD: PROFESSIONAL SERVICES MARKETING ADVERTISING COMMUNICATION FINANCE FINTECH

SOURCE: AMTD Digital Inc.

Copyright BusinessWire 2022.

PUBLISHED: 8/30/2022 4:05 PM / DISK: 8/30/2022 4:06 PM

http://www.businesswire.com/news/home/20220830005773/en

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