The board of directors of Million Hope Industries Holdings Limited announced that with effect from 19 March 2022, Mr. Chuk Kin Lun will be re-designated from an executive Director to a non-executive Director and will retire as the Joint Managing Director of the Company due to his retirement. In addition, Mr. Chuk will resign as a member of the investment committee of the Company and a director of the subsidiaries of the Company with effect from 19 March 2022. Mr. Chuk Kin Lun joined the Group since 2007 and acted as an executive Director and Joint Managing Director of the Company from 9 August 2018 to 18 March 2022.

Mr. Chuk also served as a member of the Investment Committee and a director of all subsidiaries of the Company until 18 March 2022. Mr. Chuk was a director of the construction division, interior and renovation division and building materials division of Hanison Construction Holdings Limited from 2006 until his resignation upon or before the listing of the Company's shares on the Main Board of The Stock Exchange of Hong Kong Limited in March 2019. Following the retirement of Mr. Chuk as Joint Managing Director of the Company, Mr. Lee Cheuk Hung, an executive Director and Joint Managing Director of the company, will be re-designated as Managing Director of the Company with effect from 19 March 2022.

His position of executive Director remains unchanged. Mr. Lee Cheuk Hung, aged 56, has been appointed as an executive Director and Joint Managing Director of the Company on 9 August 2018. Mr. Lee joined the Group since 1998 and is also a director of all subsidiaries of the Company.

Mr. Lee also serves as a member of the Investment Committee. Mr. Lee was a director of the building materials division of Hanison from 2009 until his resignation upon the listing of the Company's shares on the Main Board of the Stock Exchange in March 2019. Mr. Lee has comprehensive experience in the building industry in Hong Kong.