The board of directors of International Business Settlement Holdings Limited announced that Mr. Chung Yau Tong has resigned as the company secretary of the Company and the authorised representative of the Company to accept service of process and notices in Hong Kong pursuant to Part 16 of the Companies Ordinance, Chapter 622 of the Laws of Hong Kong, all with effect from 1 January 2024. Mr. Chung has confirmed that he has no disagreement with the Board and that there are no matters that need to be brought to the attention of the Stock Exchange and the shareholders of the Company in connection with his resignation. The Board announced that following the resignation of Mr. Chung, Ms. Wong Lai Kiu
("Ms. Wong") has been appointed as the Company Secretary and the Authorised Representative, all with effect from 1 January 2024. Ms. Wong is a member of the Hong Kong Institute of Certified Public Accountants. She holds a bachelor's degree in business administration from Lingnan University. Ms. Wong has over 16 years of experience in finance, auditing, accounting and company secretarial matters.