The board of directors of Chinney Investments, Limited announces that Mr. Paul Hon-To Tong ("Mr. Tong"), a non-executive director of the Company, shall retire from office by rotation at the forthcoming annual general meeting of the Company to be held on 31 August 2023 (the "AGM") in accordance with Article 104 of the Articles of Association of the Company. Mr. Tong decided not to offer himself for re-election due to his desire to devote more time on his personal commitments and focus on his personal business endeavors and will retire as a non-executive director of the Company upon the conclusion of the AGM.