The board of directors of Asiaray Media Group Limited announced that Mr. Lam Ka Po (Mr. Lam) will be re-designated from an executive Director to a non-executive Director (the "Re-designation") and will resign as Chief Operations Officer of the Company (the "Resignation") all with effect from 1 October 2022 due to the change in work arrangement. Mr. Lam has confirmed that he has no disagreements with the Board and that he is not aware of any matter relating to his Re-designation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders"). The biographical details of Mr. Lam are set out below: Mr. Lam, aged 48, was appointed as a Director on 20 May 2014 and has been re-designated as an executive Director since 12 June 2014.

Mr. Lam is also the Chief Operations Officer of the Company and a director of certain subsidiaries of the Group. Mr. Lam is responsible for the overall operations and management of the Group. Mr. Lam has worked in the advertising industry for over 26 years with extensive experience in outdoor advertising media and marketing management.

Prior to joining the Group in December 2007, Mr. Lam has taken up various roles in a few advertising agencies under the Association of Accredited Advertising Agencies of Hong Kong, including the Associate Business Director of OMD, Media Manager of Zenith, Media Supervisor and Media Manager of Motivator as well as Senior Media Planner of Euro RSCG Partnership Ltd. Mr. Lam graduated from the Chinese University of Hong Kong with a Bachelor of Business Administration degree in Integrated BBA (Marketing concentration).