The board of directors of Hing Ming Holdings Limited announced that, with effect from 1 November 2023, Mr. Chiu Chi Wing has resigned as an independent non-executive Director. The resignation of Mr. Chiu was due to his wish to pursue his personal career development and his family relocation plan. The Board further announced that, with effect from 1 November 2023, Mr. Wu Kin San Alfred has been appointed as an independent non-executive Director.

Mr. Wu Kin San Alfred, aged 42, has over 19 years of experience in auditing, corporate finance and investment banking. He is currently the managing director and head of the investment banking department of Fortune Financial Capital Limited, a subsidiary of GoFintech Innovation Limited (formerly known as China Fortune Financial Group Limited). He joined the corporate finance department of Fortune Financial Capital Limited as an executive director in April 2016.

Since March 2019, he has been an independent non- executive director of Novacon Technology Group Limited. From January 2004 to August 2007, Mr. Wu worked in Deloitte Touche Tohmatsu where his last position was senior accountant. From August 2007 to March 2009, Mr. Wu worked in ICEA Capital Limited where his last position was analyst -- investment banking division.

From April 2009 to February 2010, Mr. Wu worked in ICBC International Holdings Limited where his last position was associate -- investment banking division. From February 2010 to September 2010, Mr. Wu was vice president -- investment banking department of CMB International Capital Holdings Corporation Limited (formerly known as CMB International Capital Corporation Limited). From September 2010 to May 2013, Mr. Wu was vice president -- investment banking division of CMB International Capital Limited.

From May 2013 to August 2014, Mr. Wu worked in Haitong International Capital Limited, which is a subsidiary of Haitong International Securities Group Limited as vice president. From August 2014 to April 2016, Mr. Wu worked in Guosen Securities (HK) Financial Holdings Co. Ltd. where his last position was director -- investment banking department.

From February 2018 to December 2022, Mr. Wu was an independent non-executive director of Tongda Hong Tai Holdings Limited. Mr. Wu obtained a degree of Bachelor of Arts in Accounting and Financial Analysis and a Master's degree of Arts in International Financial Analysis from University of Newcastle upon Tyne (currently known as Newcastle University), the United Kingdom, in July 2002 and December 2003, respectively. He was admitted as a member and a fellow of the Hong Kong Institute of Certified Public Accountants in March 2009 and May 2022, respectively.

Mr. Wu has entered into a letter of appointment with the Company for an initial term of three years commencing on 1 November 2023 which is renewable automatically for successive terms of three years upon expiry unless otherwise terminated in accordance with the terms of the letter of appointment. The Board announced that, with effect from 1 November 2023, the composition of the committees of the Board will be changed as follows: Audit Committee: Mr. Chiu Chi Wing has resigned as the chairman of the audit committee of the Board. Mr. Wu Kin San Alfred has been appointed as the chairman of the Audit Committee.

Remuneration Committee: Mr. Chiu Chi Wing has resigned as a member of the remuneration committee of the Board. Mr. Wu Kin San Alfred has been appointed as a member of the Remuneration Committee. Nomination Committee: Mr. Chiu Chi Wing has resigned as a member of the nomination committee of the Board.

Ms. Wu Kin San Alfred has been appointed as a member of the Nomination Committee.