The Board of Prosperous Industrial (Holdings) Limited announced that Mr. Sun Chien-Teng (Mr. Sun) has resigned as a non-executive Director with effect from 29 December 2022 due to his other personal commitments which require more of his dedication. Mr. Sun has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that ought to be brought to the attention of the Exchange and the shareholders of the company. The Board announced that Mr. Liao Yuang-Whang (Mr. Liao) has been appointed as a non-executive Director with effect from 29 December 2022.

Mr. Liao, aged 53, is a director of operations of Pou Chen Corporation (Pou Chen) responsible for overseeing the global supply chain management function. Mr. Liao is also an executive director of Pou Sheng International (Holdings) Limited, a company listed on the Stock Exchange, a director of San Fang Chemical Industry Co., Ltd, and Nan Pao Resins Chemical Co. Ltd. Before joining Pou Chen, Mr. Liao held executive/management positions, including chief financial officer, senior vice president of finance and chief executive officer, as well as executive director and non-executive director of board of directors in several listed companies in Hong Kong.

Mr. Liao has more than 29 years of experience in banking, finance, corporate governance and business operation.