The board of directors of Reach New Holdings Limited announced that on 23 February 2024, Mr. Lam Kai Yuen retired as the chairman of the Board with immediate effect. Mr. Lam will continue to be an executive Director of the Company after the change. The Board announced that, with effect from 23 February 2024, Ms. Sha Xuanyi, who is currently an executive Director, was appointed as the chairlady of the Board.

As at the date of this announcement, the executive Directors are Ms. Sha Xuanyi (Chairlady), Mr. Lam Kai Yuen, Mr. Lam Kai Cheong and Mr. Li Rongsheng (Chief Executive Officer); and the independent non-executive Directors are Mr. Liu Mingxiao, Mr. Zhu Honghai and Mr. Lin Kin-Chin.