The board of directors of SEM Holdings Limited announced that Mr. Woo Chu Fai resigned as Executive Director with effect from 26 January 2024 due to dedicate more time to his family and focus on his personal commitments. Mr. Wan Man Keung has been re-designated from a non-executive Director to an executive Director, with effect from 26 January 2024. Mr. Wan, aged 62, founded the Group (through Ready Engineering Limited (" Ready Engineering")) on 15 May 2006.

He is one of the controlling shareholders, the chairman of the Board and non-executive Director, and member of the nomination committee of the Company. He was appointed as a Director on 6 November 2015 and was re-designated as an executive Director on 29 March 2016. On 1 August 2018, he was re-designated as non-executive Director.

He is also a director/administrator of each of the members of the Group. He is currently responsible for the overall strategic planning and management of the Group's business development. Mr. Wan currently holds the certificate of registration of electrical worker issued by the Electrical and Mechanical Services Department in Hong Kong and is a Grade B electrical worker.

He has more than 28 years of experience in the E&M engineering industry. Prior to founding our Group, Mr. Wan, together with other business partners, through Ready Engineering, established, among others, Ready System (Macau) providing various E&M engineering services in Hong Kong and the People's Republic of China. Mr. Wan is currently an executive director of REM Group (Holdings) Limited (stock code: 1750), the issued shares of which are listed on the Stock Exchange.

Mr. Wan completed form three education in 1978. He was awarded a craft certificate in electrical fittings and installations by the Morrison Hill Technical Institute (currently known as the Hong Kong Institute of Vocational Education (Morrison Hill)) in Hong Kong in July 1981.