The board of directors of Zhejiang United Investment Holdings Group Limited announced that Mr. Law, Michael Ka Ming alias Law Ka Ming, Michael has been appointed as an executive Director with effect from 5 July 2022. The biographical detail of Mr. Law is set out as follows: Mr. Law, aged 61, has more than thirty years' experience in construction and property development. In the past, he took up some key management positions with major Hong Kong property developers and has held corporate management role in logistic facilities development companies.

He acted as a vice president in K11 Concepts Limited from 2017 to 2019. He acted as a project director in Kerry Properties China Limited from 2012 to 2017. Mr. Law holds a master's degree in business administration from the Chinese University of Hong Kong and hold a bachelor degree in building studies from the Hong Kong University.

He is a Chartered Quantity Surveyor of the Royal Institution of Chartered Surveyors and a member of Hong Kong Institute of Surveyors. Mr. Law is currently an independent non-executive director of Century Group International Holdings Limited. A service contract has been entered into between Mr. Law and the Company for a term of three years commencing from 5 July 2022.

He will be subject to retirement by rotation and re-election at the general meetings of the Company in accordance with the Articles of Association.