The Board of Shunten International (Holdings) Limited announced that Ms. So Tsz Kwan (``Ms. So''), the alternate director of Mr. Cheung Siu Fai, the Chairman and executive Director of the Company, has been appointed as the non-executive director of the Company with effect from 25 September 2023. Ms. So, aged 41, has 19 years of experience in audit and investment management. Since 2018, Ms. So has been serving as a vice president at Ruima Hong Kong Limited, a company controlled by Ms. Leung Lisa, a substantial shareholder of the Company, which provides research and consultancy services on customized structured financing and corporate solutions.

From 2011 to 2018, Ms. So worked as a manager, who was responsible for project management of the water sector at NWS Infrastructure Management (HK) Limited, a subsidiary of NWS Holdings Limited (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') (stock code: 659). She had also previously worked at Grant Thornton and PricewaterhouseCoopers for over 6 years. Ms. So graduated from the Hong Kong Baptist University with a Bachelor's Degree in Business Administration (Accounting) in 2004 and has been a member of the Hong Kong Institute of Certified Public Accountants since 2010.

Ms. So was an independent non-executive director of the Company during the period from 24 January 2022 to 23 June 2022 and alternate director of Mr. Cheung Siu Fai, Chairman and executive Director, for the period from 14 September 2023 to 14 October 2023. She was also an independent non-executive director of MIE Holdings Corporation (a company listed on the Main Board of the Stock Exchange) (stock code: 1555) during the period from 31 August 2021 to 4 April 2022. The Board announced that Mr. Yeung Wai Lok Raymond (``Mr. Yeung'') has been appointed as the deputy chief executive officer of the Company with effect from 25 September 2023.

Mr. Yeung, aged 55, has extensive managing experience in food and beverage business. Prior to joining the Group, Mr. Yeung has worked as a general restaurant manager of a private club managed by a renowned property developer in Hong Kong from 1995 to 2017. Thereafter, Mr. Yeung joined another private club as club manager, which is currently operated by Darcy & Liz Limited and he has worked as a general manager of such company since 2020.

Darcy & Liz Limited is a company controlled by Ms. Leung Lisa, a substantial shareholder of the Company. Mr. Yeung is a cousin of Ms. Leung Lisa. Save as the aforesaid, Mr. Yeung does not have any relationship with any other Directors, senior management, substantial or controlling shareholders of the Company.