Sincere Watch (Hong Kong) Limited announces that with effect from 29 June 2023: Mrs. Chu Yuet Wah (``Mrs. Chu'') has resigned as a Non-executive Director and a member of the Investment Committee of the Company due to the need to focus on her other ventures; and Mr. Chu, Kingston Chun Ho (``Mr. Chu'') has resigned as a Non-executive Director due to the need to focus on his other ventures.