The board (the "Board") of directors (the "Director(s)") of Wah Sun Handbags International Holdings Limited announces that, with effect from 23 January 2024, Mr. Yeung Chi Wai (the "Mr. Yeung") has resigned as an independent non-executive Director, a member of the audit committee (the "Audit Committee"), remuneration committee (the "Remuneration Committee") and risk management committee (the "Risk Management Committee") of the Company, and the chairman of the nomination committee of the Company (the "Nomination Committee") due to his other personal work commitments. Mr. Ho Lai Chuen ("Mr. Ho") has been appointed as an independent non-executive Director, a member of the Audit Committee, Remuneration Committee and Risk Management Committee, and the chairman of the Nomination Committee with effect from 23 January 2024. Mr. Ho, aged 68, possesses extensive experience of over 30 years in the production and broadcasting industry.

During the period from March 1977 to March 2011, Mr. Ho held various roles at Television Broadcasts Limited ("TVB") including scriptwriter, creative director and the production controller (non-drama production) of its production division. TVB is a publicly listed company on the Main Board of the Stock Exchange which is principally engaged in free-to-air television broadcasting, programme production, programme licensing and distribution, digital media business and publications. Subsequently, from April 2011 to March 2015, Mr. Ho had been working as the executive vice president and general manager (production) of PCCW Media Limited which primarily provides pay- TV service in Hong Kong.

From October 2015 to July 2018, Mr. Ho was the chief executive officer of CL Showbiz Limited which is primarily engaged in the provision of services including planning/coordinating stage design and setting, sound and lighting and audio-visual production. In addition, from April 2015 to March 2016, Mr. Ho served as a corporate mentor for the Mater of Business Administration programme at Shanghai University. Since February 2021, Mr. Ho has been the president of TVB Music Group Limited (formerly known as the Voice Entertainment Group Limited).

Mr. Ho obtained a Master of Business Administration (Executive) degree from City University of Hong Kong in October 2014. Mr. Ho was, for the period from 21 February 2019 to 15 November 2023, an independent non-executive director of the Tasty Concepts Holding Limited whose shares are listed on GEM of the Stock Exchange which is a restaurant chain operator selling Japanese ramen in Hong Kong, Macau and the PRC. Apart from the aforesaid, Mr. Ho did not hold any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.

Following Mr. Yeung's resignation, Mr. Ho has been appointed as the chairman of the Nomination Committee and a member of each of the Audit Committee, Remuneration Committee and Risk Management Committee.