The board of directors of the Alco Holdings Limited hereby announced that Ms. Liao Liping, an existing executive Director, has been appointed as the Chairman of the Board with effect from 24 April 2024. Ms. Liao, aged 48, executive Director since 8 April 2024, obtained a certificate of social music in department of art issued by Gannan Normal University in July 1996. She has over 27 years of experience in banking, investment and education.

She worked as general manager of Ganzhou Youbeibei Education Consulting Co. Ltd. () from May 2018 to March 2023; deputy general manager of Jiangxi Wenqin Education Investment Co. Ltd. from January 2013 to April 2018; and manager of risk management department of Ganzhou Bank Co.

Ltd. from July 1996 to December 2012.