The board of directors of Swang Chai Chuan Limited announced that Mr. Lam Kwun Leung (Mr. Lam) has tendered his resignation as the (i) company secretary; (ii) authorized representative of the company under Rule 3.05 of the Rules (the Listing Rules) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange); and (iii) authorized representative for accepting service of process or notice on behalf of the company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Process Agent) with effect from 3 August 2023 due to his other commitments. The Board further announces the appointments of Mr. Yeung Kwong Wai (Mr. Yeung) as (i) the Company Secretary; (ii) the authorized Representative; and (iii) the Process Agent, all with effect from 3 August 2023 (the Appointments) in replacement of Mr. Lam. Mr. Yeung has over 23 years of auditing, accounting, financial management and corporate governance experience.

Mr. Yeung graduated from Concordia University, Montreal, Canada with a major in accounting. Mr. Yeung is a Certified Public Accountant (Practising) of HKICPA and a member of the American Institute of Certified Public Accountants. Mr. Yeung is also a CFA charter holder.