Ten Pao Group Holdings Limited announced that Ms. Yang Bingbing (``Ms. Yang'') has resigned as an executive Director of the Company with effect from 1 January 2024 due to changes in work arrangements and other business commitments. Ms. Yang will remain as the chief executive officer and director of a major subsidiary of the Company and will continue to be responsible for the operations and management of the major subsidiary. The Board announced that Mr. Tse Chung Shing (``Mr. Tse'') and Ms. Hung Sui Lam (``Ms. Hung'') have been appointed as executive Directors of the Company with effect from 1 January 2024. Mr. Tse, aged 53, joined the Group in December 2010 as a financial controller, and has been appointed as the company secretary and chief financial officer of the Company with effect from June 2015 and November 2015, respectively. In addition, Mr. Tse has been appointed as the vice president of the Group with effect from 21 December 2017, and as a director of the Company's subsidiary since 2022. He is currently responsible for the
financial reporting, corporate secretarial and investors' relationship matters of the Group. Mr. Tse has approximately 30 years of experience in auditing, accounting and corporate finance. Prior to joining the Group, he worked in the advisory assurance department in Ernst & Young, an international accounting firm, from 1992 to 2003, with his last position as a senior manager. From 2004 to 2009, he worked as a financial controller in an automation equipment manufacturing company in Hong Kong. Mr. Tse received his bachelor's degree in accountancy (honours) from the City University of Hong Kong in November 1992. He has been a member of the Association of Chartered Certified Accountants since December 1997 and became a fellow member in December 2002. Ms. Hung, aged 30, joined the Group as a special assistant to the chairman in January 2021, and is principally responsible for the administrative management and conducting marketing research for the operation of the subsidiaries of the Company. Prior to joining the Group, Ms. Hung worked as an executive assistant in the Hospital Authority from 2016 to 2020. She received her Business (International Business) honours degree from School of Professional Education and Executive Development, The Hong Kong Polytechnic University in May 2015.