Lai Sun Development Company Limited announced that, with effect from 2 June 2023, Mr. Chew Fook Aun will be re-designated from an executive director of the company to a non-executive director of the company but will remain as Deputy Chairman. Following his Redesignation, Mr. Chew will cease to be a member of the executive committee, the remuneration committee of the company and as an alternate to Dr. Lam Kin Ngok, Peter, Chairman of the nomination committee of the Company. He will also cease to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Mr. Chew Fook Aun, aged 61, was appointed the Deputy Chairman and an Executive Director of the Company on 5 June 2012. He is also an executive director and deputy chairman of Lai Sun Garment (International) Limited ("LSG"), an executive director of eSun Holdings Limited and an executive director and chairman of Lai Fung Holdings Limited. Prior to joining the Lai Sun Group, Mr. Chew was an executive director and the group chief financial officer of Esprit Holdings Limited ("Esprit") from 1 February 2009 to 1 May 2012, and an executive director and the chief financial officer of The Link Management Limited acting as manager of The Link Real Estate Investment Trust, from February 2007 to January 2009.

Mr. Chew has over 30 years of experience in accounting, auditing and finance in the United Kingdom ("UK") and Hong Kong. He graduated from the London School of Economics and Political Science of the University of London in the UK with a Bachelor of Science (Economics) Degree. Mr. Chew is a certified public accountant, a Fellow Member of The Institute of Chartered Accountants in England and Wales (ICAEW), the Hong Kong Institute of Certified Public Accountants ("HKICPA") and The Hong Kong Institute of Directors (HKIoD).

Mr. Lau Shu Yan, Julius ("Mr. Julius Lau"), an Executive Director, will be appointed alternate to Dr. Lam Kin Ngok, Peter, Chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 2 June 2023. Mr. Julius Lau will be appointed an Authorised Representative under Rule 3.05 of the Listing Rules with effect from 2 June 2023.