The board of directors (the "Board") of Golik Holdings Company Limited (the "Company"), together with its subsidiaries (the "Group") are announced that Mr. Pang Tak Chung MH ("Mr. Pang") has ceased to serve as the chief executive officer of the Group (the "CEO"), with effect from 1 January 2022. Mr. Pang will continue to serve as the chairman of the Group, an executive director of the Company and the chairman of the nomination committee. The change of Mr. Pang's role in the Group will allow him to devote more time to formulate the Group's long-term strategies and explore new initiatives. As Mr. Pang remains as an executive director of the Company, there is no change for his voting rights in the Company. The Board announced that Ms. Pang Wan Ping ("Ms. Pang"), an executive director of the Company, has been appointed as the CEO and the Authorized Representatives with effect from 1 January 2022. Ms. Pang will lead the day-to-day operational activities for core business units and overall business development of the Group and report to Mr. Pang. Save for her new roles as the CEO and the Authorized Representatives, there will be no change to Ms. Pang's other offices in the Group.