The board of directors of Alco Holdings Limited announced that Mr. Lai Ka Fung has resigned as company secretary of the Company, authorised representative of the Company and all other positions within the Group with effect from 21 March 2024, due to his other work arrangements. The Board announced that Mr. Yu Ngai (?Mr. Yu?) has been appointed as the Company Secretary with effect from 21 March 2024. Mr. Yu, aged 35, graduated in 2010 from The Hong Kong Polytechnic University with a bachelor's degree in accounting and has been a member of the Hong Kong Institute of Certified Public Accountants since 2013.

Mr. Yu has extensive working experience in finance, accounting, company secretarial and compliance areas and worked for an international accounting firm and listed companies in Hong Kong. Prior to joining the Company, Mr. Yu served as the chief financial officer of CHK Oil Limited from August 2017 to March 2019, the chief financial officer and authorised representative of Winto Group (Holdings) Limited from April 2019 to November 2019, deputy chief financial officer of C&D Newin Paper & Pulp Corporation Limited from August 2020 to February 2021 and served as the chief financial officer, company secretary and authorised representative of C&D Newin Paper & Pulp Corporation Limited from February 2021 to January 2022. He currently serves as the company secretary of Winto Group (Holdings) Limited since April 2019 and as the company secretary and authorised representative of China Energine International (Holdings) Limited since March 2019.