The board (the "Board") of directors of Golden Ponder Holdings Limited announces that, due to his intention to devote more time on his personal or other business development, Mr. Wan Simon ("Mr. Wan") has resigned from his position as an independent non-executive Director with effect from 20 October 2023. The Board announce that Professor Sit Wing Hang ("Professor Sit") has been appointed as an independent non-executive Director with effect from 20 October 2023. Professor Sit Wing Hang, GBS, JP, aged 62, joined the Hong Kong Government in 1984 and was promoted to the Director of Electrical and Mechanical Services and Electrical & Mechanical Services Trading Fund General Manager in 2017. He was in charge of electrical and mechanical safety and promotion of energy efficiency and conservation in Hong Kong, as well as the provision of engineering services for electrical and mechanical assets of the Hong Kong SAR Government. He served as the Secretary for Innovation and Technology of the Hong Kong SAR Government from April 2020 to 30
June 2022. Professor Sit was awarded the Gold Bauhinia Star and was appointed as a Justice of the Peace by the Hong Kong SAR Government. Professor Sit is currently the Chief Executive and Secretary of the Hong Kong Institution of Engineers. He also serves as a Senior Advisor to the President and Vice-Chancellor and Honorary Professor of the
Hong Kong Baptist University, and a Professor of Practice of the Hong Kong Polytechnic University. Professor Sit is an electrical engineer by profession and has over 40 years of experience in public administration. He is a fellow member of the Hong Kong Institution of Engineers. He was the President of the Hong Kong Institution of Facility Management and Chairman of the Biomedical Division of the Hong Kong Institution of Engineers. Professor Sit is also currently serving as an independent non-executive director of Morris Home
Holdings Limited, a company listed on the main board of the Stock Exchange since July 2023. Following the resignation of Mr. Wan as an independent non-executive Director, he also ceased to be chairman of the remuneration committee of the Company and member of each of the audit committee and nomination committee of the Company with effect from 20 October 2023. Professor Sit has been appointed as the chairman of the remuneration committee of the Company and member of each of the audit committee and nomination committee of the Company with effect from 20 October 2023.