The board of directors of Namyue Holdings Limited announced that Mr. Liao Siyang (?Mr. Liao?), the deputy general manager of the Company, has been appointed as an executive Director with effect from 31 January 2024. Mr. Liao Siyang, aged 39, has been the deputy general manager of the Company since 1 June 2023 and the deputy general manager of Xuzhou Nanhai Leather Factory Co. Ltd., a wholly-owned subsidiary of the Company, since August 2023.

Mr. Liao graduated from Guangdong University of Technology and South China Normal University in the People's Republic of China (the ?PRC?) and holds a bachelor's degree in science from Guangdong University of Technology and a master's degree in history from South China Normal University. From 2011 to 2021, he worked in various positions in Guangdong Province Navigation Group Co. Ltd. (now known as Guangdong Provincial Port & Shipping Group Co.

Ltd. (?GDPS Group?)) and its subsidiaries. He joined a subsidiary of Guangdong Nam Yue Group Corporation Limited (?Nam Yue Group?), the ultimate controlling shareholder of the Company, in April 2021 and was a discipline inspection inspector of the discipline inspection and supervision office of Nam Yue Group from June 2021 to June 2023. Both of GDPS Group and Nam Yue Group are state-owned enterprises established in the PRC.