The board of directors of Fairwood Holdings Limited announced that Mr. YIP Cheuk Tak ("Mr Yip") has been appointed as an Independent Non-executive Director of the Company with effect from 1 December 2021 (the "Appointment"). Mr. Yip, aged 69, graduated from Hong Kong Baptist College majoring in Communication in 1978 and holds Diploma in Social Science. During 1978 to 1988, Mr. Yip was the Marketing and Advertising Executive for Singer Sewing Machine Co. Ltd., Buyer and Franchise Manager for 7-Eleven Division and Operations Vice President for Giordano Limited. In 1992, he began his career in the PRC and served as General Manager of Tiger Enterprise Ltd. (Group of Giordano Limited) in South China.