The board of directors of Global International Credit Group Limited announced that Mr. Tang Warren Louis has tendered his resignation 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 1 January 2024 in order to concentrate on his other work commitments. The Board also leased to announce that Mr. Pao Ping Wing JP has been appointed as an independent non-executive Director with effect from 1 January 2024. Mr. Pao has also been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 1 January 2024.

Mr. Pao, aged 76, has more than 30 years of experience in corporate governance for companies in Hong Kong. Over the years, Mr. Pao had been actively serving in the consultation and formulation of government policies, including those relating to town planning, urban renewal, public housing, and environment matters, etc. Mr. Pao has been appointed as a Justice of the Peace of Hong Kong since 1987 and he was an ex-Urban Councillor.

Mr. Pao obtained a Master's degree of Science in Human Settlement Planning and Development from the Asia Institute of Technology in Thailand in 1980. He was elected as one of the Ten Outstanding Young Persons of Hong Kong in 1982 and one of the Ten Outstanding Young Persons of the World in 1983.