The board of directors of Oshidori International Holdings Limited announced that Mr. Sam Hing Cheong (‘Mr. Sam’) will be re-designated from non-executive director to executive director and chairman of the Company and will be appointed as a member of the nomination committee and remuneration committee of the Company with effect from 1 July 2023. Mr. Sam, aged 41, has been a non-executive director of the Company since 5 June 2020. He was an executive director and chairman of the Company from 28 January 2019 to 4 June 2020; an executive director and acting chairman of the Company from 5 April 2017 to 27 January 2019; and an executive director and chief executive officer of the Company from 27 March 2012 to 5 April 2017.

Mr. Sam is also a director of several subsidiaries of the Company. Mr. Sam holds a Bachelor of Laws with Honours and a Bachelor of Arts from the University of Waikato, New Zealand. Mr. Sam is admitted as a solicitor in Hong Kong, England and Wales, the British Virgin Islands and New Zealand, and as an attorney in the Republic of the Marshall Islands.

Mr. Sam was an executive director and the vice chairman of Blue River Holdings Limited, the securities of which are listed on the main board of the Stock Exchange of Hong Kong Limited, from 1 April 2021 to 30 June 2023. Save as disclosed above, Mr. Sam does not hold any directorships in the last three years in any public companies, the securities of which are listed on any securities market in Hong Kong or overseas. The Board announced that Dr. Lo Wing Yan, William (‘Dr. Lo’) will resign as an independent non-executive director and a member of the audit committee, nomination committee and remuneration committee of the Company with effect from 1 July 2023 in order to devote more time to his other business commitments.

Dr. Lo has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the Stock Exchange of Hong Kong Limited or the shareholders of the Company.