Golden Ponder Holdings Limited announces that, Mr. Lam John Cheung-wah ("Mr. Lam") has been appointed as an independent non-executive Director and member of the audit committee of the Company with effect from 2 June 2023. The biographical details of Mr. Lam are as follows: Mr. Lam, aged 68, has substantial experience and extensive network in the banking and property development and property investment industries. From 1991 to 2005, he held various senior positions at Hongkong Bank of Canada (currently known as HSBC Bank Canada), HSBC California and Hang Seng Bank Limited.

He subsequently worked at Dah Sing Bank, Limited from September 2005 to February 2012 with his last position as an executive director, head of retail banking. After that, Mr. Lam acted as the vice chairman and an executive director of Nan Fung Property Holdings Limited in China Property Division between February 2013 and December 2021, and he has served as their consultant since January 2022. Mr. Lam possesses extensive experiences in property development and property investment and has deep understanding of property industry trends.

He graduated from Ryerson Polytechnical Institute (currently known as Toronto Metropolitan University) in Toronto, Canada in June 1988 where he received his bachelor of business management degree. He is a fellow of The Institute of Canadian Bankers and a fellow of the Royal Institution of Chartered Surveyors. He was a member of the Chinese People's Political Consultative Conference Guangzhou Committee.

Mr. Lam was a director of Eastway International Limited, Yue Feng Development (Hong Kong) Limited and Ever United Enterprises Limited, which were companies incorporated in Hong Kong with limited liability, and Hong Kong Asia-Pacific Young Entrepreneurs Association Limited, a company limited by guarantee in Hong Kong, before their dissolution by deregistration under section 751 of the Companies Ordinance (Chapter 622 of the laws of Hong Kong) on 2 February 2018, 6 August 2021, 23 December 2022 and 5 May 2023, respectively. As confirmed by Mr. Lam, (i) each of the said companies was principally engaged in property investment and was solvent immediately prior to and at the time of its dissolution; (ii) there was no wrongful act on his part leading to the dissolutions; and (iii) he was not aware of any actual or potential claim which had been or would be made against him as a result of the dissolutions.