The board of directors of Sa Sa International Holdings Limited and, together with its subsidiaries, the "Group") announces the following: After over 20 years of dedicated service with the Company, Dr LOOK Guy will, with effect from the conclusion of the AGM to be held on 25 August 2022, retire from his positions as executive director, chief financial officer, member of the executive committee, member of the risk management committee and authorised representative of the Company. Dr Look has confirmed that he has no disagreement with the Board and that there are no other matters relating to his retirement that need to be brought to the attention of the shareholders of the Company. The Board announced that Mr. HO Danny Wing Fi, who joined the Company as co-chief financial officer in April 2022, has been appointed an executive director, member of the executive committee and member of the risk management committee of the Company with effect from 30 June 2022. Mr. Ho will succeed Dr. Look as the chief financial officer of the Company. He has also been appointed an authorised representative of the Company with effect from the conclusion of AGM to
be held on 25 August 2022. Mr. Ho has over 20 years of experience in local and overseas financial and general management, as well as consumer journey digitalisation. Prior to joining the Company, Mr. Ho was the chief financial officer of UMP Healthcare Holdings Limited, a company
listed on the Main Board of the Stock Exchange of Hong Kong, where his primary focus was developing a digital first primary healthcare system in the Greater Bay Area. In 2012, Mr. Ho joined Diageo plc ("Diageo"), a global leader in beverage alcohol listed on both the London Stock Exchange and the New York Stock Exchange. He was subsequently promoted to the CFO of Diageo's subsidiary, white spirits manufacturer and `Shuijingfang' brand owner, Sichuan Swellfun Co. Ltd. ("Swellfun"), a company listed on the Shanghai Stock Exchange, in 2014. Mr. Ho was also a director of Swellfun
between July 2016 and September 2020. During his six years of tenure at Swellfun, he led the digital transformation of the company and digitalisation of the route-to- consumer, engaging with consumers in an omni-channel setting. Earlier in his career, Mr. Ho spent 12 years at KPMG starting from 2000 and was a partner of the consumer markets assurance function when he resigned in 2012. Mr. Ho holds a Bachelor's degree in Economics and Accounting from the University of Liverpool and is qualified as a Chartered Accountant with The Institute of Chartered Accountants in England and Wales. He is also a member of the Hong Kong Institute of Certified Public Accountants and holds an EMBA from Kellogg-HKUST. He is 46 years old. Save as aforesaid, Mr. Ho does not hold any other position within the Group and did not hold any other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas, and he does not have any other major appointments or professional qualifications. The Board is also announced that Ms KWOK Sea Nga Kitty has been appointed an executive director and a member of the executive committee of the Company with effect from the conclusion of AGM to be held on 25 August 2022. Ms Kwok Sea Nga Kitty joined the Group in 2010. Over the years, Ms Kwok has been committed to expanding the Group's Mainland China and e-commerce businesses. She was promoted to Vice President of e-commerce in April 2018, overseeing the Group's e-commerce business in Mainland China, Hong Kong and Macau SARs, Southeast Asia and other regions, and driving the Group's transformation into a new retail model through online and offline integration. She is also a director of certain subsidiaries of the Group. Before joining the Group, Ms Kwok worked in the private banking department of the renowned investment bank
Morgan Stanley for more than 4 years. Ms Kwok is passionate in driving industry excellence for the commerce and retail sectors. She has been an elected member of the retail sector of the Executive Committee of the Quality Tourism Services Association (2017-2022) and a member of
the Executive Committee of The Professional Validation Centre of Hong Kong Business Sector (2015-2022). Ms Kwok graduated from the University of British Columbia in Canada in 2004 with a Bachelor's degree in Economics. She is 38 years old. Save as aforesaid, Ms Kwok does not hold any other position within the Group and does not hold any other directorships in the last three years in public companies the securities of which are listed on any securities market in Hong Kong or overseas, and she does not have any other major appointments or professional qualifications.
Pursuant to the employment contract entered into between Ms Kwok and the Company, she is not appointed for any specified length or proposed length of service with the Company. But she is subject to retirement by rotation at least once every three years. In accordance with Article 99 of the articles of association of the Company, Ms Kwok will hold office as a director until the Company's next annual general meeting following her appointment, and she will be eligible for re-election by shareholders of the Company at the meeting.