The board of directors of Crocodile Garments Limited announced that Dr. Lam Kin Ngok, Peter retired as an Executive Director after the conclusion of the Company's annual general meeting on 13 December 2023 and Mr. Lam Howard has been appointed as a Non-executive Director at the AGM. Dr. Peter Lam was appointed as a Director since 1987. The Board would like to take this opportunity to thank Dr. Peter Lam for his contributions and support to the Company throughout his service on the Board. His Retirement shall take effect from 14 December 2023. Mr. Howard Lam, aged 35, has been appointed a Non-executive Director of the Company on 13 December 2023. He is a director of a subsidiary of the Company. Mr. Howard Lam has intensive experience in hotel, entertainment, movie city, real estate management and shopping mall business in the mainland China. He holds directorship in a number of companies of Lam's family business in Hong Kong and overseas. He is the president and chief executive of a number of
business entities in the mainland China. He is also enthusiastic about charity and sports. Currently, Mr. Howard Lam is a Member of the Chinese People's Political Consultative Conference (Guangzhou Tianhe District), an Executive Member of Guangdong Federation of Industry & Commerce, the Vice President of both Guangzhou Foreign Investment Enterprises Chamber of Commerce and Hongkong Guangdong Foreign Businessmen Association, the President of Guangzhou Badminton Association, and the Honorary President of Shantou Overseas Fraternity. He graduated from University College London in the United Kingdom with a Bachelor of Science Degree. Mr. Howard Lam is a younger brother of Ms. Lam Wai Shan, Vanessa (Chairman, Executive Director and Chief Executive Officer). He is a nephew of Ms. Lam Suk Ying, Diana (Non-executive Director), Dr. Peter Lam# and Mr. Lam Kin Hong, Matthew (both are Executive Directors). Mr. Howard Lam is a director of Rich Promise, a substantial shareholder of the Company.