Nanyang Holdings Limited announced that Ms. Yung Ka Sing, Kathryn (Ms. Yung), currently a part time advisor of the company, has been appointed as the chief investment officer of the company with effect from 14 March 2024. Ms. Yung, aged 49, was the Regional Client Leader of the Asia Pacific region for Allspring Global Investments (Hong Kong) Limited and led the sales and relationship management team for the Asia Pacific region ex-Japan. Prior to joining WFAM, she served as a Vice President and senior manager of Commercial Banking at Wells Fargo Bank, N.A. She has over 25 years' experience in the asset management and banking industries.

She holds a bachelor's degree in economics (cum laude) from Harvard University. Ms. Yung also earned the right to use the Chartered Financial Analyst® (CFA®) designation and is a member of CFA Institute and CFA Society Hong Kong. On 7 December 2023, Ms. Yung was appointed as an Independent Non-Executive Director, member of the Audit Committee and the Nomination Committee of Tai Ping Carpets International Limited.

Ms. Yung has been working as a part time Advisor of the company since 3 January 2023. Under the continuous employment contract between the company and Ms. Yung, which can be terminated by either party upon serving one month's notice in writing. Ms. Yung is currently an Independent Non-Executive Director, member of the Audit Committee and the Nomination Committee of Tai Ping Carpets International Limited.

Apart from the aforesaid, Ms. Yung has not held any directorships in the public companies which are listed on any securities market in Hong Kong or overseas during the past three years.