Grand Brilliance Group Holdings Limited announced that Mr. WONG Lung Wo James resigned as an independent non-executive director, chairman of the audit committee and member of remuneration committee of the Company with effect from 18 September 2023; and Mr. MUI Wai Sum was appointed as an independent non-executive director, chairman of the audit committee and member of remuneration committee of the Company with effect from 18 September 2023. Mr. MUI, aged 36, is an executive director of Sau San Tong Holdings Limited. Mr. MUI has extensive experience in corporate finance, corporate restructuring and securities investment.

Mr. MUI is a Vice Chairperson of Yan Oi Tong, one of the largest charity organizations in Hong Kong. Mr. MUI is a Fellow Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants. He holds a Bachelor of Business Administration degree in General Finance and a Master of Arts degree in Philosophy from the Chinese University of Hong Kong.

The Board further announces that Mr. MUI is appointed as chairman of the audit committee and member of the remuneration committee of the Company following his appointment as independent non-executive director of the Company with effect from 18 September 2023; and Mr. WONG will cease to be chairman of the audit committee and member of the remuneration committee of the Company following his resignation as independent non-executive director of the Company on 18 September 2023.