The board of directors of Mexan Limited announced that Mr. Ng Tze Ho Joseph has resigned as an executive Director, a member of the executive committee of the Company and 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 with effect from 20 January 2023 to concentrate on other business commitments. The Board also announces that Mr. Ng Hung Sui Kenneth ("Mr. Kenneth Ng") has resigned as an independent non-executive Director and ceased to be a member of each of the audit committee of the Company and the remuneration committee of the Company with effect from 20 January 2023 to concentrate on other business commitments. The Board announced that, with effect from 20 January 2023, Mr. Ng Ka Kit has been appointed as an executive Director and a member of the Executive Committee.

The Board is also pleased to announce that Mr. Chao Howard has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Remuneration Committee. Mr. Ng, aged 53, holds a Master of Science Degree in Hotel and Tourism Management from Hong Kong Polytechnic University and also holds a Bachelor Degree in Business Administration from Thames Valley University (now known as University of West London) in United Kingdom. Mr. Ng has over 30 years' experience in the hotel industry.

He first joined Mexan Harbour Hotel in 2006 as General Manager until 2013 and later rejoined the Hotel in 2015 as General Manager. Mr. Ng is also a director of several companies directly or indirectly owned by Mr. Lun Yiu Kay Edwin, the Chairman and an executive Director of the Company. Mr. Chao, aged 39, holds a Master of Science Degree in Real Estate from the University of Greenwich and a Bachelor of Arts Degree in Business Administration from California State University, Fullerton and was awarded a Certificate of Completion for the Leadership Programme on Real Estate Sustainability by the University of Cambridge Institute for Sustainability Leadership.

Mr. Chao has over 16 years of experience in real estate development, construction, corporate finance and asset management; his experience covers the region of Hong Kong, Mainland China, Malaysia and Macau. In the years past, Mr. Chao actively engaged in social work promoting real estate and construction industry's interests, also to advocate and to promote economic ties between Hong Kong and Mainland China. In 2021, Mr. Chao was a running candidate for office of the Legislative Council Election, under the functional constituency of Real Estate and Construction Sector.

Mr. Chao is currently the Chief Executive Officer of Maximus Capital Management Limited and Maximus Surveyors Limited and a non-executive director of Cheuk Nang (Holdings) Limited, a company listed on the Main Board of the Stock Exchange (Stock Code: 131). He is also a member of the Chinese People's Political Consultative Conference of Chongqing, Committee Member and the Vice-Chairman of Young Executives' Committee of The Chinese General Chamber of Commerce, Advisor of the its Hong Kong Foundation, Director of the Hong Kong Securities Association, Vice-President of the Hong Kong Chongqing Friendship Federation, Member of The Hong Kong Real Property Federation, and The Convenor of the Hong Kong Real Estate and Construction Concerned Group. Following the resignation of Mr. Joseph Ng, Mr. Tang Sik Ho (the existing company secretary of the Company) has been appointed as an authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 20 January 2023.