Xin Yuan Enterprises Group Limited announced that Mr. Yim Lok Kwan has tendered his resignation as the company secretary of the company and has ceased to act as an authorized representative of the company with effect from 26 August 2022. The Board further announces that Mr. Chung Ming Fai (Mr. Chung) has been appointed as the Company Secretary, the Authorized Representative and the Process Agent with effect from 26 August 2022. Mr. Chung is a Vice President of SWCS Corporate Services Group (Hong Kong) Limited and has over 17 years of experience in the corporate secretarial field, mergers and acquisitions, financial reporting and auditing.

Mr. Chung is currently a fellow of the Hong Kong Institute of Certified Public Accountants and a member of CPA Australia. He obtained his bachelor's degree in commerce from the Australian National University.