The board of directors of AB Builders Group Limited announced that Ms. Lao Ka U ("Ms. Lao") has tendered her resignation as the executive Director of the Company with effect from 27 January 2022 due to her decision to devote more time to personal commitments. The Board announced that Mr. Roberto Gnanavelu ("Mr. Gnanavelu") has been appointed as the executive Director with effect from 27 January 2022. Mr. Gnanavelu has over ten years of experience in the construction industry in Macau.

He was worked for Group from 2011 to 2016 and responsible for the day-to-day projects operations. Mr. Gnanavelu has worked in a construction company, which is owned by Mr. Lao Chio Seng ("Mr. Lao"), Chairman and executive Director, Ms. Wong Hio Mei, spouse of Mr. Lao and Ms. Lao, since 2017 and responsible for the project operations and business development.