Quali-Smart Holdings Limited announced that the Chairman of the Company, Mr. Lau Ho Ming, Peter has notified the Board of his plan of retirement and will retire as Chairman and executive Director and member of the nomination committee of the Company and remuneration committee of the Company with effect from 9 November 2023. Madam Li Man Yee, Stella, who co-founded the Group with Mr. Lau, has also notified the Board of her plan of retirement, and will retire as non-executive Director and cease to be a member of the corporate governance committee of the Company with effect from 9 November 2023. Mr. Lau, aged 69, founded the Group in 1996 and took the Company public on the Main Board of the Stock Exchange in Hong Kong in 2013 . Mr. Lau has been with the Group for 27 years and has established the foundation as well as orchestrated the expansion of the Group in the last 10 years. Seeing Hong Kong has long been ranked as one of the foremost international financial hubs in the world, the Group expanded into providing financial services late 2015. Over the last 8 years, the Group has developed itself into two diversified businesses: 1) toy OEM manufacturing and 2) financial services. The Board would like to express their utmost gratitude to Mr. Lau for his leadership throughout the past 27 years. Each of Mr. Lau and Madam Li has confirmed that he/she has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company in respect of their respective retirement. The Board further announced that Mr. Chu, Raymond has been appointed as the Chairman and a member of the Nomination Committee, Remuneration Committee and the Corporate Governance Committee with effect from 9 November 2023. Mr. Chu, aged 57, was an independent non-executive Director during the period from the listing of the Company in January 2013 to 6 July 2015. On 27 November 2015, Mr. Chu was re-appointed as both the executive Director and the Chief Executive Officer of the Group's financial services division, operated under Crosby Asia Limited, and together with its subsidiaries, the "Crosby Group". Mr. Chu has over 30 years of investment banking industry experience covering sales and trading, risk management, business development, management, proprietary/derivatives trading and structuring, financing, to middle and back-office operations. Prior to joining Crosby Group, Mr. Chu worked as the managing director overseeing sales and trading of Guosen Securities, and prior to that Mr. Chu worked as the managing director of institutional equities at Scotia Bank, managing director of Equities Delta-One Trading at Standard Chartered Bank, Managing Director of Equities
Trading at Standard Bank, Managing Director /Chief Operating Officer at Bank of China International, and previous to those Mr. Chu has taken senior positions at various international banks such as Deutsche Bank-Equities Derivatives, BNP Paribas, NatWest Markets, SG Warburg, etc. The Board further announced that Ms. Tang Yuen Ching, Irene, aged 54, the Company Secretary of the Company, has also been appointed as an executive Director and a member of the Corporate Governance Committee of the Company with effect from 9 November 2023. Ms. Tang was appointed as the Company Secretary of the Company on 24 March 2015. She has extensive experience in company secretarial practices in respect of listed companies in Hong Kong and also has more than 20 years of experiences in the financial reporting and auditing field. As at date of this announcement, Ms. Tang is also as the company secretary of Apex Ace Holding Limited (stock code 6036). Ms. Tang holds a Bachelor of Business Administration (Honours) in Accountancy from the Hong Kong Polytechnic University and is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of the Chartered Certified Accountants. Save as disclosed above, the Board further announces that Mr. Poon Pak Ki, Eric, an executive Director, and Mr. Wong Wah On, Edward, an independent non-executive Director, have also been appointed as members of the Nomination Committee and Remuneration Committee with effect from 9 November 2023.