The Board Shunten International (Holdings) Limited announced that Mr. Lam Wai Tong (Mr. Lam) resigned as the executive Director, chief executive officer (CEO) and authorised representative of the Company with effect from 20 January 2024 in order to devote more time on his personal matters. The Board announced that Mr. Yeung Wai Lok Raymond (Mr. Raymond Yeung), the existing deputy CEO of the Company has been redesignated as the CEO of the Company with effect from 20 January 2024. For the biographical details and remuneration of Mr. Raymond Yeung, refer to the announcement of the Company dated 25 September 2023.

Following the resignation of Mr. Lam as executive Director and CEO, Mr. Lam also ceased to be (i) the authorised representative (the Authorised Representative) of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities (the Listing Rules) on the Stock Exchange and (ii) the authorised representative for accepting the service of process and notices on behalf of the Company in Hong Kong (Process Agent) under Rule 19.05(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), with effect from 20 January 2024. The Board further announces that Ms. So Tsz Kwan (Ms. So), the non-executive director of the Company, has been appointed as the Authorised Representative and Process Agent with effect from 20 January 2024. The Board announces that Mr. Yeung Yat Chuen (Mr. Benjamin Yeung) resigned as the chief operating officer of the Company with effect from 20 January 2024 in order to devote more time on his personal matters.

Mr. Benjamin Yeung has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.