The board of directors of the Wai Chi Holdings Company Limited announced that Mr. Chen Kwok Wang ("Mr. Chen") has resigned as independent non-executive director, chairman of the nomination committee, member of the audit committee, member of the remuneration committee and member of the risk management committee of the Company with effect from 31 October 2023 (the "Resignation"), due to his business endeavours and personal commitments. the Board still has three independent non-executive directors, namely, Mr. Au Yeung Tin Wah, Mr. Ho Chi Wai ("Mr. Ho") and Mr. Yu Zhenyu ("Mr. Yu").