The board of directors of Wai Chi Holdings Company Limited announced that with effect from 28 January 2022, Mr. Chen Chung Po ("Mr. Chen"), an executive Director and the Chief Executive Officer of the company, has been appointed as the Chairman of the Board to replace Mr. Yiu Chi To ("Mr. Yiu") who passed away. Mr. Chen, age 44, was appointed as executive Director and the Chief Executive Officer of Company on 16 August 2013. He is responsible for the day-to-day management of Group including administration, procurement, production as well as financial management.

Mr. Chen has more than 10 years of working experience in banking and finance fields. From 2006 to 2010, he worked with the Sun Hung Kai Group of companies serving as the Vice President of Sales Division in Wealth Management when he resigned in 2011. From 2011 to 2012, he was a person licensed to carry on Type 2 regulated activity.