The board of directors of San Miguel Brewery Hong Kong Limited announced that Mr. Raymundo Y. Albano (Mr. Albano) has tendered his resignation as Managing Director of the Company with effect from 8 March 2024, in view of his new assignment in San Miguel Brewery Inc. Mr. Albano has confirmed that there is no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. The Board also announced that Mr. Chan Weng Kheong (Mr. Chan) has been appointed as Managing Director of the Company with effect from 8 March 2024. Mr. Chan, aged 55, is the Sales Director of the Company since April 2016.

He is a sales and marketing professional with more than 30 years of experience in distributor management, sales and promotions management, organization and training development, budget planning and logistics in various multinational corporations. Mr. Chan has a Master's Degree in International Marketing from the University of Strathclyde (Glasgow, Scotland, United Kingdom).