Taste Gourmet Group Limited announces that with effect from 1 July 2023: Mr. Yu Man To Gerald Maximillian will be re-designated from executive director of the Company, chief financial officer of the Company, company secretary of the Company, authorised representative of the Company and compliance officer of the Company to non-executive Director of the Company, Company Secretary, Authorised Representative and Compliance Officer; and Mr. Cheng Chin Wing will be appointed as the Chief Financial Officer. Mr. Yu, aged 56, joined the Group as the Chief Financial Officer in April 2017. Mr. Yu holds a bachelor's degree in Business from La Trobe University and a master's degree in Business Administration from Macquarie University.

Mr. Yu was admitted as a fellow member of CPA Australia (FCPA (Aust.)) and a fellow member of the Hong Kong Institute of Certified Public Accountants (FCPA). Mr. Yu has over 30 years of experience in accounting, finance, management and company secretarial field. Prior to joining the Group, Mr. Yu had worked as the chief financial officer and company secretary of China MeiDong Auto Holdings Limited (1268.HK), Sound Global Ltd., Wai Chun Mining Industry Group Company Limited (now known as Wai Chun Bio-Technology Limited, 660.HK), Wai Chun Group Holdings Limited (1013.HK) and Towngas China Company Limited.

Mr. Yu also worked as the company secretary of Sinolink Worldwide Holdings Limited. Mr. Yu was with Towngas for almost nine years and was with an international accounting firm for over seven years prior to joining Towngas. As at the date of this announcement, Mr. Yu owns 76,000 shares of the Company ("Shares") and he is interested in 950,000 Shares being 950,000 underlying Shares derived from the share options granted to him.

Mr. Yu will not receive any remuneration for acting as a Non-Executive Director. Mr. Yu's Redesignation has been recommended by members of the Nomination Committee and approved by the Board. Mr. Cheng, aged 37, is primarily responsible for the financial reporting, financial planning, treasury and financial control matters of the Group.

Mr. Cheng has over 15 years of experience in the fields of financial reporting, auditing, financial management, company secretarial and compliance matters of listed companies in Hong Kong. He holds a bachelor's degree of commerce in accountancy and is member of the Hong Kong Institute of Certified Public Accountants. Prior to joining the Group, Mr. Cheng was the financial controller LH Group Holdings Limited.

Mr. Cheng also served as the company secretary of Lap Kei Engineering (Holdings) Limited and Bamboos Health Care Holdings Limited. Mr. Cheng was the deputy financial controller of Zhonghua Gas Holdings Limited and worked for Deloitte Touche Tohmatsu prior to joining Noble House (China) Holdings Limited. The Board would like to extend its welcome to Mr. Cheng on his new position in the Company.