The board of directors of Grand Ming Group Holdings Limited announced the following changes in directorate and composition of the Board committees: Ms. Tsang Ka Man ("Ms. Tsang") has been appointed as an executive Director with effect from 15 December 2022. Ms. Tsang, aged 32, joined the Group in April 2016 and is currently the senior project manager responsible for developing the Group's property development business in Hong Kong. Prior to joining the Group, she served as an engineer in a Japan-based civil engineering and construction company from June 2014 to April 2016 and a project coordinator in a local construction company from February 2012 to December 2013, where she was primarily responsible for the coordination and management of assigned projects, including progress monitoring and liaison with sub- contractors and other professionals.

Ms. Tsang holds a Master of Science in Construction and Real Estate from the Hong Kong Polytechnic University and a Bachelor of Science with Second Class Honours in Construction Management from the University of Wolverhampton, United Kingdom. Mr. Mok Kwai Pui Bill ("Mr. Mok") has tendered his resignation as an independent non-executive Director, the chairperson of the audit committee of the Company (the "Audit Committee"), a member of each of the nomination committee of the Company (the "Nomination Committee") and the Remuneration Committee with effect from 1 January 2023 due to his other business commitments which require more of his attention and dedication. Mr. Ho Chiu Yin Ivan ("Mr. Ho") will be appointed as an independent non-executive Director, the chairperson of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee with effect from 1 January 2023.

Mr. Ho, aged 62, has over 30 years of experience in providing statutory audit, group reporting, due diligence review and regulatory advisory services for various clients with shares listed in Hong Kong and businesses in manufacturing, retail, and property development in Hong Kong and the Mainland China. He worked for Price Waterhouse (now PricewaterhouseCoopers Hong Kong) from 1985 to 1989. He then worked for Hamiltons in Sydney, Australia, a firm specialised in insolvency practice, from 1989 to 1992 with his last position as manager.

From 1993 to 1995, Mr. Ho rejoined PricewaterhouseCoopers Hong Kong and worked as an audit manager. He then joined PricewaterhouseCoopers Zhong Tian LLP, Guangzhou Branch and acted as a manager and then senior manager from 1995 to 2002, and was admitted as partner from 2002 to 2021. Mr. Ho retired from partnership of the firm in June 2021.

Mr. Ho obtained a Bachelor of Commerce from the University of New South Wales in 1984. He is a member of the Hong Kong Institute of Certified Public Accountants (formerly Hong Kong Society of Accountants) since 1993, a member of the Chartered Accountants Australia and New Zealand (previously the Institute of Chartered Accountant Australia) since 1991.