Prosperous Industrial (Holdings) Limited announces that due to his other personal commitment which require more of his dedication, Mr. Ko Siu Tak will retire as independent non-executive director of the Company and cease to act as the chairman of the audit committee and a member of the remuneration committee with effect from the conclusion of the annual general meeting of the Company to be held on 19 June 2023. Mr. Ko Siu Tak has confirmed that he has no disagreement with the Board and there are no other matters in relation to his retirement that need to be brought to the attention of the shareholders of the Company.