Gemini Investments (Holdings) Limited announced that Ms. CHEN Yingshun has resigned as an independent non-executive Director with effect from 20 April 2024 in order to devote more time to her personal affairs). In accordance with the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited), Ms. CHEN has confirmed to the Board that she has no disagreement with the Board and that there is no matter relating to the Resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. LEUNG Wai Hung has been appointed as an independent non-executive Director and a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 20 April 2024.

The biographical details and other information of Mr. LEUNG are set out below. Mr. LEUNG Wai Hung, aged 56, holds a bachelor's degree in business administration from The Chinese University of Hong Kong. He has been a fellow member of The Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Public Accountants.

Mr. LEUNG has more than 20 years working experience in various listed companies in Hong Kong mainly engaged in property business including Cheung Kong (Holdings) Limited (now known as CK Hutchison Holdings Limited) (stock code: 001). Mr. LEUNG also has extensive financial experience in initial public offering ("IPO"), merger and acquisition as well as fund raising and is familiar with the business environment of both Hong Kong and the Mainland China. In addition, Mr. LEUNG has extensive experience in real estate investment trusts ("REIT").

He participated in the IPO setup of the first private sector REIT, Prosperity REIT (stock code: 808) in Hong Kong in 2005 and worked for the manager of Fortune REIT (stock code: 778) as a Finance Director from 2011 to 2012. He also worked as the financial controller of Shougang Concord International Enterprises Company Limited (now known as Shoucheng Holdings Limited) (stock code: 697) from 2013 to 2018. Mr. LEUNG has also been an independent non-executive director of Fineland Living Services Group Limited (stock code: 9978) since October 2017, China Fortune Holdings Limited (stock code: 110) since July 2021 and Sino-Ocean Service Holding Limited (stock code: 6677) since August 2022.

From April 2022 onwards, Mr. LEUNG has been the financial controller and company secretary of BeijingWest Industries International Limited (stock code: 2339). CHANGE IN COMPOSITION OF BOARD COMMITTEES: Following the Resignation, Ms. CHEN ceases to be a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 20 April 2024. Mr. LEUNG has been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 20 April 2024.