Four Seas Mercantile Holdings Limited announced executive changes with effect from April 1, 2022. The Board announced that Man Wing Cheung, Ellis will retire from his positions as an executive director and company secretary of the Company with effect from April 1, 2022 because of his desire to retire and to devote more time to his personal endeavours. Upon the retirement of Mr. Man, he will also cease to be the member of executive committee of the Board.

Mr. Man has confirmed that he has no disagreement with the Board and that he is not aware of any matter that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited in respect of his retirement. The Board further announced that Wong Fu Hang, Derek has been appointed as an Executive Director with effect from April 1, 2022. Mr. Wong, aged 49, is the director of the Group's merchandising and marketing department, and is responsible for product purchasing and merchandising.

Mr. Wong holds a Bachelor of Science degree from The University of Hong Kong. Prior to joining the Group, Mr. Wong held various marketing management roles for international and Hong Kong FMCG firms and has extensive experience in marketing strategy development. Mr. Wong joined the Group in 2014.

The Board is also pleased to announce that Yam Wai Wah, Jenny has been appointed as the Company Secretary with effect from April 1, 2022. Ms. Yam holds a bachelor's degree of Accounting and Financial Analysis from The University of Warwick in the United Kingdom. She is a Fellow of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants in the United Kingdom.

Ms. Yam has extensive finance and accounting experiences and had worked for several publicly listed companies. Prior to joining the Group, she was the financial controller and the company secretary of Hong Kong Food Investment Holdings Limited.