The board of directors of South China Financial Holdings Limited announced that Mr. Lam Douglas Tak Yip, SC has been appointed as an independent non-executive director and a member of the remuneration and nomination committee of the Company with effect from 12 January 2023. The biographical details of Mr. Lam are set out as follows: Mr. Lam, aged 50, is a practicing barrister at Des Voeux Chambers. He was appointed Senior Counsel in 2015.

Mr. Lam has served on numerous public and statutory boards and tribunals, including as chairman of the Insurance Appeals Tribunal, deputy chairman of the Administrative Appeals Board and a member of the Securities and Futures Commission Disciplinary Chair Committee, the Independent Police Complaints Council and the Estate Agents Authority. Mr. Lam holds a Bachelor of Laws degree from the London School of Economics and Political Science and a Master of Laws degree from Harvard Law School.