The board of directors of Hong Kong ChaoShang Group Limited announced that Ms. Wong Chi Yan ("Ms. Wong") has resigned as an independent non-executive Director and ceased to act as the chairman of the Nomination Committee and members of the Audit Committee and the Remuneration Committee with effect from 22 December 2023 to devote more time to her other business engagements. Following the resignation of Ms. Wong, the Board announced that Mr. Yeung Yat Chuen ("Mr. Yeung") has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and members of the Audit Committee and the Remuneration Committee with effect from 22 December 2023. Mr. Yeung, aged 41, obtained a bachelor's degree in mathematics from The Hong Kong University of Science and Technology.

He has over 18 years of experience in corporate finance and listed companies management. He is an independent non-executive director of MIE Holdings Corporation since April 2022. He was an independent non-executive director of Shunten International (Holdings) Limited from May 2022 to September 2022 and has been its chief operating officer since September 2022, where he is mainly in charge of monitoring financial and development of its Hong Kong and China business.

He is the chief financial officer of Changyou Alliance Group Limited since November 2020. Between June 2019 to November 2020, he was the chief financial officer of a private Hong Kong company where he was in charge of pre-IPO group restructuring and fundraising. Mr. Yeung was also engaged by several corporate finance companies, where he was responsible for several IPO projects and acted as the financial adviser, independent financial adviser and compliance advisers to a large number of listed companies in prior years.