The board (the ``Board'') of directors of Anchorstone Holdings Limited announced that with effect from 27 September 2023, (i) Mr. Lam Lap Sing (``Mr. Lam'') has been appointed as an independent non-executive Director, a member of each of the audit committee of the Company (the ``Audit Committee'') and the nomination committee of the Company (the ``Nomination Committee'') and the chairman of the remuneration committee of the Company (the ``Remuneration Committee'') and (ii) Mr. Wong Yue Fai (``Mr. Wong'') has been appointed as an independent non-executive Director and a member of the Audit Committee. Mr. Lam Lap Sing: Mr. Lam, aged 35, obtained a bachelor of business and administration degree from The Chinese University of Hong Kong. He is a certified public accountant of the Hong Kong Institute of Certified Public Accountants and a chartered company secretary of the Hong Kong Chartered Governance Institute.

Mr. Lam is currently a senior accounting manager in Hanison Construction Company Limited, a direct wholly-owned subsidiary of Hanison Construction Holdings Limited (stock code: 0896). He has over 13 years of experience in accounting and finance. He was a manager in PricewaterhouseCoopers from 2010 to 2020 and was mainly responsible for capital market transactions, auditing and assurance work.

Mr. Lam has entered into a letter of appointment with the Company for an initial term of three years commencing from 27 September 2023 unless terminated by not less than one month's prior notice in writing served by either party to the other. Mr. Lam is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ``Listing Rules'') and the articles of association of the Company. Mr. Lam's annual remuneration shall be HKD 120,000, which was agreed between the Company and Mr. Lam and reviewed and approved by the Remuneration Committee and the Board with reference to Mr. Lam's roles and responsibilities with the Company and prevailing market conditions.

Mr. Lam shall hold office until the first annual general meeting of the Company after his appointment, at which he shall be eligible for re-election. Mr. Wong Yue Fai: Mr. Wong, aged 37, obtained a bachelor's degree from Ryerson University (now known as Toronto Metropolitan University) in Canada. He is currently a businessman who engages in trading business.

He possesses business experience of around 15 years. Mr. Wong has entered into a letter of appointment with the Company for an initial term of three years commencing from 27 September 2023 unless terminated by not less than one month's prior notice in writing served by either party to the other. Mr. Wong is subject to retirement by rotation and re-election in accordance with the Listing Rules and the articles of association of the Company.

Mr. Wong's annual remuneration shall be HK$120,000, which was agreed between the Company and Mr. Wong and reviewed and approved by the Remuneration Committee and the Board with reference to Mr. Wong's roles and responsibilities with the Company and prevailing market conditions. Mr. Wong shall hold office until the first annual general meeting of the Company after his appointment, at which he shall be eligible for re-election.