Chow Tai Fook Jewellery Group Limited Board announced the following changes to the Board and committees of the Company: Ms. Fung Wing-Yee, Sabrina has been appointed as an independent non-executive director and a member of the Nomination Committee and the Remuneration Committee with effect from 1 December 2022; The Strategy and Transformation Committee has been established and Dr. Cheng Kar-Shun, Henry, Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia, Mr. Wong Siu-Kee, Kent, Mr. Chan Sai-Cheong and Mr. Cheng Ping-Hei, Hamilton have been appointed as the members of the Strategy and Transformation Committee with effect from 24 November 2022; Mr. Cheng Chi-Heng, Conroy has been appointed as a member of the Nomination Committee with effect from 1 December 2022; Ms. Cheng Chi-Man, Sonia has been appointed as a member of the Remuneration Committee with effect from 1 December 2022; Mr. Cheng Chi-Heng, Conroy and Ms. Cheng Chi-Man, Sonia have been appointed as co-chairmen of the Sustainability Committee with effect from 1 December 2022; Mr. Wong Siu-Kee, Kent will cease to serve as a member of the Nomination Committee and the Remuneration Committee and co-chairman of the Sustainability Committee but will remain as a member of the Sustainability Committee with effect from 1 December 2022; Mr. Chan Sai-Cheong will cease to serve as a member of the Remuneration Committee and co-chairman and a member of the Sustainability Committee with effect from 1 December 2022; and Mr. Suen Chi-Keung, Peter will cease to serve as a member of the Sustainability Committee with effect from 1 December 2022. Ms. Fung Wing-Yee, Sabrina, aged 51, Ms. Fung is the Group Managing Director of Fung Retailing Group, a non-executive director of Convenience Retail Asia Limited and the Chief Executive Officer of Asia Retail Company Limited, a company with the Fung Group focusing on supporting and growing international brands in Asia. She also serves as the Chair of Wellness Med Limited, a newly formed company under the Fung Group that serves the growing global health and wellness market.

Ms. Fung is also the Investment Director of Fung Investment Management Limited. She started working at the private investment arm of the Fung Group in 2000 as investment manager running the family's investments. Prior to joining the Fung Group, Ms. Fung worked for Brown Brothers Harriman & Co in New York and Hong Kong until 1999.

Ms. Fung is experienced in the retail industry and holding positions in marketing and public relations for Salvatore Ferragamo Asia, as well as in merchandising, sourcing and branding for Li & Fung group in Hong Kong and the USA. She was named in the Business of Fashion 500 in 2016, and Women's Wear Daily 10 of Tomorrow in 2017. Ms. Fung graduated from Harvard University, with a Bachelor of Arts degree in Economics in 1993.

She attended Harvard Business School's Program for Global Leadership in 1998 and its Business of Entertainment, Media and Sports program in 2019. Nomination Committee: Mr. Lam Kin-Fung, Jeffrey (Chairman); Dr. Or Ching-Fai, Raymond; Mr. Chia Pun-Kok, Herbert; Ms. Fung Wing-Yee, Sabrina; Ms. Cheng Ka-Lai, Lily; Dr. Cheng Kar-Shun, Henry; Mr. Cheng Chi-Heng, Conroy. Remuneration Committee: Dr. Or Ching-Fai, Raymond (Chairman); Mr. Kwong Che-Keung, Gordon; Mr. Lam Kin-Fung, Jeffrey; Ms. Fung Wing-Yee, Sabrina; Ms. Cheng Ka-Lai, Lily; Dr. Cheng Kar-Shun, Henry; Ms. Cheng Chi-Man, Sonia.

Sustainability Committee: Mr. Cheng Chi-Heng, Conroy (Co-Chairman); Ms. Cheng Chi-Man, Sonia (Co-Chairman); Mr. Wong Siu-Kee, Kent; Mr. Liu Chun-Wai, Bobby; Mr. Chia Pun-Kok, Herbert; Ms. Cheng Ka-Lai, Lily.