New World Department Store China Limited announces that Ms. Ho Pui-yun, Gloria has been appointed as an independent non-executive Director and a member of each of the audit committee of the Board and the remuneration committee of the Board, all with effect from 1 May 2023. Ms. Ho Pui-yun, Gloria, aged 42, holds a Master of Science in Finance degree at the University of Illinois Urbana-Champaign and a Postgraduate Certificate in Financial Engineering at Stanford University. Ms. Ho has extensive experience and expertise in investment, risk management, corporate banking and finance fields.

She had previously undertaken equity research, credit analysis, capital strategy, fund management and auditing work in international financial institutions and had acted as the chief executive officer of a Chinese-based asset management company. She is a Chartered Accountant in England and Wales, a Certified Public Accountant in Hong Kong, a Chartered Financial Analyst (CFA) and a Chartered Alternative Investment Analyst (CAIA). Ms. Ho is currently the Chief Financial Officer and an executive director of Sunshine Oilsands Ltd. (Stock Code: 2012), the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Save as disclosed above, Ms. Ho did not hold any directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas.