The board of directors of Sang Hing Holdings (International) Limited announced that Mr. Cheung Wai Kwok Gary (Mr. Cheung) has tendered his resignation as an independent non-executive Director with effect from 1 September 2023 as Mr. Cheung would like to devote more time to his other personal commitments and work arrangement (the Resignation). Following the Resignation, Mr. Cheung also ceased to be the chairman of the remuneration committee of the Board (the Remuneration Committee) and a member of the audit committee of the Board. The Board further announced that, following the Resignation, Professor Leung Yee Tak, an existing independent non-executive Director, has been appointed as the chairman of the Remuneration Committee with effect from 1 September 2023.