The board of directors of Grace Wine Holdings Limited announced that Mr. Fan Chi Chiu has tendered his resignation as an executive director, one of the authorised representatives of the company and the compliance officer of the company with effect from 30 September 2021 in order to have a new development in his career. Following the resignation of Mr. Fan as an executive director, the board announced that Mr. Lam Wai Kit Ricky has been appointed as an executive director of the Company with effect from 1 October 2021. Mr. Lam, aged 43, has been serving as the financial controller of the Company since July 2021. Prior to joining the Company, Mr. Lam served as a finance manager in Chevalier International Holdings Limited (HKEX: 0025) from July 2019 to December 2020 where he was responsible for overseeing financial reporting and financial management. From August 2017 to June 2019, he served as a finance manager in K. Wah International Holdings Limited where he was responsible for managing overseas property investment teams.