The board of directors of Ri Ying Holdings Limited announced that Ms. Lau Yan Ki Patricia ("Ms. Lau") has been appointed as an executive Director with effect from 9 August 2023. Her biographical details are set out below. Ms. Lau, aged 44, obtained a master's degree in engineering and a bachelor's degree of arts from University of Cambridge in June 2002.

She has over 20 years of experience in investment banking industry. She has been a member of the CFA Institute since September 2008. Ms. Lau's career in investment banking began at UBS Investment Bank, where she worked for 7 years in various position, gaining extensive knowledge and experience in the industry.

She then worked in Credit Suisse Investment Bank for 13 years. Ms. Lau is currently the executive director of Alpha Course Hong Kong Limited, a charitable institution of a public character recognised under section 88 of the Inland Revenue Ordinance (Chapter 112 of the Laws of Hong Kong), which provides a platform for individuals to explore life and faith in an open environment. Ms. Lau is the daughter of Dr. Lau Chi Wang, the chairman of the Board, an executive Director and a controlling shareholder of the Company, and the niece of Mr. Lau Chi Ming and Dr. Lau Chi Keung, the executive Directors and controlling shareholders of the Company.