The Board of Yu Tak International Holdings Limited announced that Ms. Li Xia ("Ms. Li") has tendered her resignation as the CEO with effect from 1 December 2023. Ms. Li has confirmed that he has no disagreement with the Board, and there is no other matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Chong Yu Ping ("Ms. Chong") who is an executive director of the Company is appointed as the CEO effective 1 December 2023.

Mr. Chong has been an executive director of the Company since 17 February 2016. Under the current service agreement, Mr. Chong is entitled to annual emoluments of HKD 600,000 determined by the Board with reference to his experience, duties and responsibilities and the prevailing market conditions. As a director, Mr. Chong shall retire by rotation and be eligible for re-election in the annual general meetings in accordance with the Articles of Association of the Company and the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules"), as amended from time to time.