The board of directors of Luen Wong Group Holdings Limited announced that Ms. Lau Wing Yu has tendered her resignation as an executive Director with effect from 3 October 2023. Ms. Lau was appointed as an executive Director on 31 May 2022. Following the resignation of Ms. Lau, she ceased to be one of the authorised representative of the Company under Rule 5.24 of the GEM Listing Rules of the Stock Exchange and the compliance officer of the Company effective from 3 October 2023 as Ms. Lau would like to devote more time and focus on her other business commitment.

Ms. Lau confirmed that she has no disagreement with the Board and that there are no other matters in relation to her resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announced the appointment of Mr. Chen Jian as an executive Director of the Company, Authorised Representative and Compliance Officer with effect from 3 October 2023. Mr. Chen Jian, aged 60, has over 30 years of experience in corporate management and extensive experience and business networks in Hong Kong and the People's Republic of China.

Mr. Chen is responsible for business developments and general administrative matters. Under the leadership of Mr. Chen, the Group will actively explore business opportunities that bring value enhancement to shareholders and strives to enhance the long-term growth potential of the Group and shareholder value.