The board (the "Board") of directors (the "Director") of Kwong Luen Engineering Holdings Limited (the "Company", together with its subsidiaries, the "Group") announced that with effect from 15 March 2024, Mr. Yip Kwong Cheung ("Mr. Yip") has retired as the chairman of the Board (the "Chairman"), the chairman of the nomination committee of the Board (the "Nomination Committee"), a member of the remuneration committee of the Board (the "Remuneration Committee") and an authorized representative of the Company (the "Authorized Representative"), in order to devote his time on his other business engagement and personal commitments. Mr. Yip will continue to be an executive Director of the Company. Mr. Yip confirmed that as at the date of this announcement, (i) he does not have any claim against the Company in respect of his retirement; (ii) he does not have any disagreement with
the Board; and (iii) there are no other matters in relation to his retirement that need to be brought to the attention of the shareholders of the Company and the Stock Exchange of Hong Kong Limited (the "Stock Exchange"). With effect from 15 March 2024, Mr. Lin Rida ("Mr. Lin") has been appointed as the Chairman, the chairman of the Nomination Committee, a member of the Remuneration Committee and an Authorized Representative under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange.