The board of directors of Lapco Holdings Limited announced that Ms. Wan Hoi Shan has tendered her resignation as an independent non-executive Director with effect from 31 March 2024 due to her other business engagements. Following the Resignation, Ms. Wan also ceased to be the chairman of the remuneration committee of the Company and a member of each of the audit committee of the Company and the nomination committee of the Company. The Board is also pleased to announce that, with effect from 1 April 2024, Mr. Chow Yun Cheung has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee, respectively.

Mr. Chow, aged 44, has over 20 years of experience in the accounting, corporate finance and compliance fields. Mr. Chow obtained a bachelor's degree of business administration in 2001 from The Chinese University of Hong Kong. He is a member of the Hong Kong Institute of Certified Public Accountants.

Mr. Chow had served as an independent non-executive director of various listed companies in Hong Kong, including (i) Hon Corporation Limited (stock code: 8259, the shares of which were delisted on 22 June 2022) from January 2022 to May 2022; (ii) Echo International Holdings Group Limited (stock code: 8218) from January 2021 to March 2023; and (iii) Gaodi Holdings Limited (formerly known as China Shenghai Group Limited) from November 2022 to July 2023. Further, Mr. Chow has been serving as an independent non-executive director of (i) Moody Technology Holdings Limited since February 2018; and (ii) Sterling Group Holdings Limited since January 2024. The issued shares of both of the companies are listed on the main board of the Stock Exchange.

From February 2018 to September 2023, Mr. Chow had been appointed as a non-executive director of Industronics Berhad, the issued shares of which are listed on Bursa Malaysia (the stock exchange in Malaysia). He has been re-designated as an independent non-executive director of the same company since September 2023.