The Board of Fire Rock Holdings Limited announced that, on 17 April 2023, the independent investigation committee of the Company (the ``Independent Investigation Committee''), comprising independent non-executive Directors, namely Ms. Chow Woon San Shirley, Mr. Lok Tze Bong and Mr. Tam Chik Ngai Ambrose, has been established to commence independent investigation on the Incident with an aim to, among other things, investigate and report on various issues and events which led to the Incident, and make suggestions to the Board on actions to be taken. Mr. Tam Chik Ngai Ambrose has been appointed as the chairman of the Independent Investigation Committee. The Independent Investigation Committee may also engage other professional advisers to assist in its independent investigation.

Based on the findings of its independent investigation, the Independent Investigation Committee will report to the Board and make suggestions to the Board on actions to be taken.