The board of directors of Ka Shui International Holdings Limited announced that Mr. YU Wai Chun ("Mr. Yu") has been appointed as the chief financial officer of the Company ("CFO") with effect from 3 January 2024. Mr. Yu, aged 50, is a fellow of the Hong Kong Institute of Certified Public Accountants and the fellow of the Association of Chartered Certified Accountants. Mr. Yu is graduated from The Hong Kong Polytechnic University with a Bachelor of Arts in Accountancy and with an Master of Business Administration degree from the City University of London.

Mr. Yu possesses more than 25 years of experience in accounting,corporate finance, risk management and internal controls. Prior to joining the Company, Mr. Yu held key corporate positions in various companies, including (i) chief financial officer of Cornerstone Financial Holdings Limited from October 2015 to June 2022; (ii) chief financial officer of China Tangshang Holdings Limited from July 2011 to July 2015; (iii) assistant general manager of China Resources Beer (Holdings) Company Limited from August 2001 to November 2010; and (iv) consultant at KPMG Consulting (Asia) Limited from October 2000 to June 2001 and assistant manager at KPMG from August 1995 to September 1999. He also served as the independent on-executive director of (i) China Carbon Neutral Development Group Limited between October 2020 and May 2022 and (ii) HSC Resources Group Limited between November 2021 to July 2023.

Having considered Mr. Yu's background and working experience, the Board is of the view that he possesses the relevant qualification and experience and is capable of discharging his duty as CFO.