Value Partners Group Limited announced that Ms. Wong Wai Man, June ("Ms. Wong") will be appointed as the Chief Executive Officer of the Company with effect from 1 July 2022. Ms. Wong, aged 56, is currently an Executive Director, the President and a member of each of the Leadership Committee and the Risk Management Committee of the Company. Ms. Wong is entitled to receive an annual remuneration of approximately HKD 3,166,800, inclusive of a fixed salary payable in 12 equal monthly instalments and a discretionary Chinese New Year bonus equivalent to one month of her salary pursuant to her employment contract with the Group.

In addition, Ms. Wong is entitled to participate in the year-end discretionary bonus scheme under which the Company has agreed to make available up to 20% to 23% (or such greater percentage as may be approved by the Remuneration Committee) of a net profit pool each year as a management bonus. Ms. Wong is also eligible to participate in the share option scheme of the Company. The emoluments of Ms. Wong have been approved, and are subject to annual review, by the Remuneration Committee, with reference to prevailing market conditions and to her duties and responsibilities at the Company.

Ms. Wong does not receive any Director's emolument from the Company by being an Executive Director. Following Ms. Wong's appointment as the Chief Executive Officer of the Company, the remuneration package of Ms. Wong remains unchanged.