Hong Kong Resources Holdings Company Limited (HKRH) Board currently comprises two executive directors, being Mr. LI Ning and Mr. WANG Chaoguang; one non-executive director, being Mr. HU Hongwei; and three independent non-executive directors, being Dr. LOKE Yu alias LOKE Hoi Lam, Dr. FAN, Anthony Ren Da and Mr. CHAN Kim Sun. All of the existing directors of HKRH have tendered their resignations, which will take effect immediately after the publication of the closing announcement on the closing date of the Offers. In addition, Mr. LI Ning will resign as the chairman of the nomination committee of HKRH, the chairman of the HKRH Board and an authorised representative of HKRH as required under Rule 3.05 of the Listing Rules.

Dr. LOKE Yu alias LOKE Hoi Lam will resign as the chairman of the audit committee of HKRH and a member of the Nomination Committee and the remuneration committee of HKRH. Dr. FAN, Anthony Ren Da will resign as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee. Mr. CHAN Kim Sun will resign as the chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee.

The aforementioned resignations will take effect immediately upon the posting of the Composite Document. The HKRH Board has approved the appointment of Mr. WONG Ho Lung, Danny as an executive director and chief executive officer of HKRH, chairman of the HKRH Board, and a member of the Nomination Committee; Ms. CHEUNG Irene as an executive director and chief operating officer of HKRH, a member of the Nomination Committee and an Authorised Representative; Ms. WONG Hau Yeung as an executive director of HKRH; Dr. CHAN So Kuen as an executive director of HKRH; Ms. YEUNG Po Ling, Pauline as a non-executive director of HKRH; Mr. SZE Yeung Kuen as an independent non-executive director of HKRH, chairman of the Audit committee and a member of the Remuneration Committee and the Nomination Committee; Mr. CHAN Raymond as an independent non-executive director of HKRH, chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee; Dr. LAM Ki Wai, Lianne as an independent non-executive director of HKRH, chairman of the Nomination Committee and a member of the Audit Committee and the Remuneration Committee; and Dr. CHOW Kwoon Ho, Simon as an independent non-executive director of HKRH and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee. The aforementioned appointments will take effect immediately upon the posting of the Composite Document.

The biographical details of the newly appointed directors of HKRH are set out as follows: Mr. WONG Ho Lung, Danny, aged 47, joined CGS Group as chief executive officer and director in 2014, and is responsible for the overall strategic planning, execution, and the management of CGS Group. Besides, he is also the deputy chairman and non-executive director of Luk Fook Holdings. Mr. Danny WONG is an active participant in the community and is currently a member of Sihui Municipal Committee of the Chinese People's Political Consultative Conference, a member of The Association of the Hong Kong Members of Guangdong ' s Chinese People's Political Consultative Conference Committees Limited, a vice president of Zhaoqing Overseas Friendship Association, a permanent president of Sze Wui and Kwong Ning Clansman's Association (Hong Kong) Limited, the president of Sihui Dasha Town Clansman ' s Association (Hong Kong), an executive committee member of Diamond Federation of Hong Kong, China Limited, a supervisory committee member of Hong Kong Jewellers ' & Goldsmiths Association, an executive committee member of The Kowloon Pearls, Precious Stones, Jade, Gold and Silver Ornament Merchants Association, a member of Lions Club of Sham Shui Po Hong Kong, and an executive committee member of The Jewellers & Goldsmiths' Association of Hong Kong Limited.

Mr. Danny WONG received the GIA Diamond Graduate title in December 2008, and was awarded the "CEO of the Year" by Capital CEO in 2017. Ms. CHEUNG Irene, aged 47, joined CGS Group as managing director in 2014, and is responsible for CGS Group 's retail and wholesale operations and implementation of CGS Group's business strategies. Ms. CHEUNG received her B.A. from the University of Toronto and her LL.B. from Osgoode Hall Law School and was qualified as a solicitor, barrister and notary public in Ontario, Canada.

She is also a member of the Law Society of Ontario. In addition, Ms. CHEUNG has been serving as the head of Legal Affairs Department of Luk Fook Holdings Group since 2005. During her tenure, the Legal Affairs Department has attained awards and recognition in the areas of compliance, data protection, employment and labour, dispute resolution and intellectual property.

In recognition of Ms. CHEUNG's outstanding leadership skills and excellent career achievements, Ms. CHEUNG was awarded with the " Women of Excellence 2019 " by " JESSICA ", a leading women ' s magazine, and " The Awards of Women of Times 2019 " by " InStyle ", an international fashion magazine. Ms. WONG Hau Yeung, aged 51, joined CGS Group as director in 2014, and is responsible for business development of the CGS Group. She has over 29 years of experience in the jewellery industry.

Currently, Ms. WONG is the executive director and chief operating officer of Luk Fook Holdings. Ms. WONG holds a Master ' s Degree in Business Administration from University of Southern Queensland. She is a member of Guangzhou Panyu District Committee of the Chinese People ' s Political Consultative Conference, a member of The Association of the Hong Kong Members of Guangdong's Chinese People's Political Consultative Conference Committees Limited, a honorary life president and the 20th term vice-chairman of Hong Kong Pun Yue Industrial and Commercial Fellowship Association, the 6th term standing director of Guangzhou Panyu Overseas Friendship Association, the 4th term director of Guangzhou Panyu Overseas Exchange Association, a president of Panyu Hong Kong Charity Fund Limited, a member and vice-chairperson of The Jewellery Industry Training Advisory Committee, a member of Watch & Jewellery Industry Consultative Networks, a member of Greater Bay Area Hong Kong Women Entrepreneurs Association and a member of District Fire Safety Committee (Kwai Tsing District).

In 2021, Ms. WONG was awarded the "Greater Bay Area Outstanding Women Entrepreneur Awards" by the Hong Kong Small and Medium Enterprises Association and Metro Finance.