Khuat Leok Choong

Professional Background

Lionel Choong Khuat Leok has over 33 years of working experience in accounting, auditing, internal control, corporate finance and corporate governance. On October 6, 2026, he resigned from the board and all committees, including his role as Audit Committee chair, citing no disagreements with the company or its governance.

Mr. Choong was the Vice Chairman, Audit Committee Chair and an independent non-executive director of Emerson Radio Corp. Inc. (NYSE: MSN) from November 2013 to June 2022. Between April 2009 and June 2015, he was the acting Chief Financial Officer of Global Regency Ltd., and from June 2008 to May 2011, he was acting Chief Financial Officer of Sinobiomed, Inc. (predecessor company of Logiq, Inc.)

Mr. Choong is the Chief Financial Officer and board member of Logiq Inc., (OTCQX: LGIQ) since July 17, 2015. He also serves as an Independent Director at Linkers Industries Ltd. and a Member at the Hong Kong Institute of Certified Public Accountants, Hong Kong Securities & Investment Institute and The Institute of Chartered Accountants in England & Wales.

Education and Credentials

Mr. Choong holds a Bachelor of Arts in Accountancy from London Guildhall University, UK, and a Master of Business Administration from the Hong Kong University of Science and Technology and the Kellogg School of Management at US Northwestern University. He started his working career with BDO Binder Hamlyn in London in 1984 where he was later promoted as supervisor and manager for the banking and financial services team which managed various projects in structured finance as well as consultation projects for BDO's client's initial public offerings. During his term with BDO, Mr. Choong gained the Institute of Chartered Accountants in England and Wales (ICAEW) Certification.

Career History

• Audit Committee Chair and Independent Director, Abits Group Inc. (2021-October 2026)
• Vice Chairman and Audit Committee Chair, Emerson Radio Corp. Inc. (November 2013–June 2022)
• Chief Financial Officer, Logiq Inc. (July 2015–present)
• Chief Financial Officer, Global Regency Ltd. (April 2009–June 2015)
• Chief Financial Officer, Sinobiomed, Inc. (June 2008–May 2011)

What Lionel Choong could bring to roles as Independent Director and Audit Committee Chair: With extensive experience serving as audit committee chair at multiple public companies and over three decades of expertise in financial controls, corporate governance, and accounting standards, Choong is well-positioned to strengthen audit functions and ensure robust financial oversight. The company believes that Mr. Choong Khuat Leok qualifies as an "audit committee financial expert" in accordance with applicable NASDAQ Capital Market listing standards, reflecting his deep technical accounting knowledge and ability to guide financial reporting integrity and internal controls.