eSun Holdings Limited announced that with effect from 3 October 2023; Mr. Lui Siu Tsuen, Richard will resign as Chief Executive Officer and Mr. Yang Yiu Chong, Ronald Jeffrey will be appointed Chief Executive Officer. Mr. Yang, aged 56, has over 30 years of experience in finance and investment arena in Greater China and North America. He has a double bachelor degree in Accounting and Finance from Boston University, the United States of America.

Mr. Yang held senior management position in several listed companies and the issued shares of which are listed and traded on the Stock Exchange. He was also a Responsible Officer and has participated in numerous corporate finance activities for many listed companies in Hong Kong, as well as worked in a leading international bank. Mr. Yang joined Lai Sun Development Company Limited ("LSD") as the chief investment officer in September 2020 and was appointed as an executive director of Lai Sun Garment (International) Limited ("LSG") on 2 June 2023.

LSG is the ultimate holding company of the Company while LSD is a subsidiary of LSG and the intermediate holding company of the Company. He has worked for Sing Tao News Corporation Limited ("Sing Tao") for over 18 years where he held senior management positions as well as serving as an executive director. The issued shares of LSG, LSD and Sing Tao are listed and traded on the Main Board of the Stock Exchange.

Mr. Yang worked as senior vice president of corporate finance of Global China Technology Group Limited, and completed the acquisition of and the merger with Sing Tao. He worked for Leefung-Asco Printers Holdings Limited for over 10 years where he participated and successfully completed their initial public offering on the Stock Exchange. Mr. Yang also worked in the corporate banking and the corporate finance department of Citibank Hong Kong after obtaining the university degree.