The board of directors of Sincere Watch (Hong Kong) Limited announced that with effect from 1 February 2023, Mr. Chu, Kingston Chun Ho has been re-designated from Executive Director to Non- executive Director and as a result of the re-designation, Mr. Chu has resigned as the Vice Chairman of the Board. Mr. Chu, aged 37, was appointed as an Executive Director on 29 May 2012. He was the Vice Chairman and Managing Director of the Company from July 2012 to January 2017. Mr. Chu was appointed as the Vice Chairman of the Company on 1 December 2021. He is also a director of a number of the Company's subsidiaries. Mr. Chu is currently the chairman and an executive director of ISP Holdings Limited and an executive director of Kingston Financial Group Limited, both of which are companies listed on the main board of The Stock Exchange of Hong Kong Limited (the ``Stock Exchange''). He is a member of
Guangxi Committee of the Chinese People's Political Consultative Conference, member of General Committee of The Chamber of Hong Kong Listed Companies, vice president of Hong Kong CPPCC Youth Association, vice president of Federation of HK Guangxi Community Organizations, honorary chairman of Hong Kong Guangxi Youth Organizations, founder chairman of Youth Committee of Hong Kong Federation of Dongguan Associations, vice chairman of Hong Kong Guangdong Youth Association and vice director of Youth Committee of Hong Kong CPPCC (Provincial) Members Association. Mr. Chu holds a Bachelor Degree of Science in Business Administration from the University of Southern
California in the USA. He is the son of Mrs. Chu Yuet Wah (``Mrs. Chu''), a Non-executive Director and a substantial shareholder of the Company.