The board of directors of Bauhaus International (Holdings) Limited announced that Mr. Li Kin Cheong ("Mr. Li") is to pursue his other career development and has tendered his resignation as the chief financial officer with effect from 31 January 2024. Mr. Li has confirmed that he does not have any disagreement with the Board and that he is not aware of any matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Ms. Cheng Chak Yu, Ivy ("Ms. Cheng") has been appointed as the Chief Financial Officer with effect from 31 January 2024.

Ms. Cheng Chak Yu, Ivy, aged 54, has over 25 years of auditing, accounting, financial management and corporate governance experience. Ms. Cheng is a member of the Hong Kong Institute of Certified Public Accountants and Chartered Professional Accountants (CPA) of Canada and is a Chartered Financial Analyst (CFA) charterholder. Ms. Cheng holds a degree of Master of Business Administration from Ivey Business School at the University of Western Ontario and a degree of Bachelor of Business Administration from Simon Fraser University of Canada.

Prior to joining the Group, Ms. Cheng was the Internal Audit Director of an established group that builds and invests in premium consumer brands in Greater China region.