The board of directors of AL Group Limited announced the appointment of Mr. Chung Kar Ho Carol as an executive Director with effect from 6 December 2023. Mr. Chung, aged 40, obtained a Degree of Bachelor of Science from the Chinese University of Hong Kong in 2005. Mr. Chung has over 10 years' experience in providing financial services and solutions to clients in the field of insurance and investment.

He was a district director of Convoy Financial Services Limited, a wholly-owned subsidiary of Convoy Global Holdings Limited from August 2008 to March 2023. Mr. Chung was also an executive director of Orient Securities International Holdings Limited (from May 2023 to August 2023). Mr. Chung was a director of Millionaire Club International Limited.

To the best of knowledge and belief of Mr. Chung, Millionaire Club had not commenced business since its incorporation and was solvent at the time of it being dissolved by deregistration. Mr. Chung has entered into a service agreement with the Company for an initial fixed term of 1 year with effect from 6 December 2023, which may be terminated by either the Company or Mr. Chung by giving not less than three month's written notice in advance or otherwise in accordance with the terms of the service agreement. He is subject to retirement by rotation and re-election in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on GEM of the Stock Exchange.