The board of directors of Royal Century Resources Holdings Limited announced that Ms. Tsang Hau Wai ("Ms. Tsang") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and the Compliance Committee and a member of the Nomination Committee and the Remuneration Committee of the Company for the purpose of the Rules Governing the Listing of Securities on GEM (the "GEM") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 16 October 2023. Ms. Tsang Hau Wai, aged 43, obtained a Bachelor of Arts (Honors) degree in Accountancy from The Hong Kong Polytechnic University in 2002. She is a certified public accountant of Hong Kong Institute of Certified Public Accountants, a member of The Institute of Chartered Accountants in England and Wales and a project management professional of Project Management Institute. Ms. Tsang has over 15 years of experience in commercial sector and listed companies. Ms. Tsang has not held any other directorships in public companies listed in Hong Kong or any other major exchanges in the last three years preceding the date of this announcement.
Ms. Tsang is appointed for an initial term of 3 years, and her directorship will be subject to re-election in accordance with the Company's articles of association or the GEM Listing Rules. The Board announces that Mr. Chan Chiu Hung Alex ("Mr. Chan") has resigned as an independent non-executive Director and ceased to act as the chairman of the Audit Committee and the Compliance Committee and a member of the Nomination Committee and the Remuneration Committee with effect from 16 October 2023 as he has to devote more time to his other business engagements. Mr. Chan has confirmed that he has no disagreements with the Board and there are no matters in respect of his resignation that need to be brought to the attention of the Stock Exchange and the shareholders of the Company.