The board of directors of GBA Holdings Limited announced that Mr. Tam Ngai Hung, Terry has resigned as an executive Director and a member of each of the remuneration committee and the nomination committee of the Board with effect from 3 January 2022, due to his personal commitments. Following Mr. Tam's resignation as an executive Director, he has been appointed as the Consultant to the Company with effect from 3 January 2022. The Board announced that Mr. Ong Chor Wei ("Mr. Ong") has been appointed as a non-executive Director with effect from 3 January 2022.

Mr. Ong, aged 52, is currently an executive director of Net Pacific Financial Holdings Limited and a non-executive director of Joyas International Holdings Limited, both of which are listed on the Singapore Exchange. The Board announced that following the resignation of Mr. Tam, Ms. Cheng Yuk Ching, Flora, an executive Director, has been appointed as a member of each of the Remuneration Committee and the Nomination Committee with effect from 3 January 2022.