Luk Fook Holdings (International) Limited announced that Mr. TSE Moon Chuen ("Mr. TSE"), a Deputy Chairman and Executive Director of the Company, did not offer himself for re-election as a deputy chairman at the Board Meeting held following to the AGM on August 17, 2023. With effect from the conclusion of the Board Meeting on August 17, 2023, Mr. TSE ceased to be a Deputy Chairman of the Company and was re-designated from Executive Director and Deputy General Manager to Non-executive Director and Honorary Consultant. Mr. TSE, aged 72, is the co-founder of the Group.

Presently, he is a Non-executive Director and Honorary Consultant of the Group. He is also a member of the Nomination Committee. Mr. TSE has over 50 years of experience in jewellery retailing business and is responsible for the merchandising and production functions of the Group.

Mr. TSE is an Executive Committee Member of the Diamond Federation of Hong Kong, China Limited, a Vice President of The Chinese Gold & Silver Exchange Society, the Vice Chairman of The Kowloon Pearls, Precious Stones, Jade, Gold and Silver Ornament Merchants Association, a Honorary Consultant of The Tsuen Wan Festival Lightings Organizing Committee, a President of the Kwun Tong District Junior Police Call (JPC) Honorary President Council, the 35th Vice Chairman of Macau Goldsmith's Guild, an Honorary President of Tsuen Wan Committee for Celebration of Reunification of Hong Kong with China, an Honorary President of Tsuen Wan Preparatory Community of National Day, a Vice President of Zhaoqing Overseas Friendship Association, an Executive Committee Member and Vice Director of Finance of Hong Kong Jewellers' & Goldsmiths' Association, a Vice Chairperson of Tsuen Wan District Fire Safety Ambassador Honorary Presidents' Association, an Honorary President of H.K. Gold & Silver Ornament Workers & Merchants General Union, the 14th Term Executive Director of Guangzhou Panyu Jewelry Manufacturers Association, the 21st Term Honorary Consultant of Hong Kong Precious Metals Traders Association Limited, the 9th Term Honorary President of Tsuen Wan District Elderly Welfare Association, an Honorary Chairman of Hong Kong Gemstone Manufacturers' Association and a Vice Chairman (Finance and Welfare) of the Jewellers & Goldsmiths' Association of Hong Kong Limited. Moreover, Mr. TSE was awarded the "Chief Executive's Commendation for Community Service" by the Government of the Hong Kong SAR.