Tse Sui Luen Jewellery (International) Limited announced that Mr. Alex CHAN has been appointed as an Independent Non-executive Director of the Company with effect from June 21, 2023. Mr. Chan, aged 55, is currently a director of Artellex Limited which provides high-quality art and photography printing and trading services. He holds a Bachelor of Science degree in Computer Science from McMaster University.

From September 1999 to November 2001, he built extensive telecommunications marketing experience in Hong Kong CSL Limited. From 2001 to 2007, he was responsible for Hong Kong retail business, branding strategies and development of the Group and served as an Executive Director of the Company between June 2004 and February 2007. Subsequently, he held various senior positions at The Hong Kong Jockey Club from March 2007 to June 2021.

Mr. Chan, as a versatile leader with cross-industry expertise, has over 20 years of diverse management experience in sales operations, brand marketing, stakeholders engagement, and social media governance. Save as disclosed above, Mr. Chan does not hold any directorship in other listed public companies in the last three years or any position with the Company or other members of the Group. Mr. Chan does not have any relationship with any directors, senior management, substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Chan does not have any interest in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Chan has entered into a service contract with the Company for a term of three years which is terminable by either party with one month's written notice, and he is subject to retirement by rotation and re-election at the annual general meeting in accordance with the Bye-laws of the Company. Pursuant to the said service contract, Mr. Chan is entitled to a fixed director's fee of HKD 216,000 per annum, which is determined by the Board as recommended by the Remuneration Committee of the Company with reference to his duties and responsibilities, the prevailing market conditions and the level of fee normally payable by a listed public company in Hong Kong to an independent non-executive director.

The Board announces that with effect from 21 June 2023, Mr. Chan has been appointed as a member of each of the Audit Committee and the Remuneration Committee of the Company, and the chairman of the Audit Committee of the Company has been changed from Mr. Chui Chi Yun, Robert to Mr. Chow Chee Wai, Christopher.