The board of directors of Best Mart 360 Holdings Limited announced that Ms. Hui Ngai Fan has tendered her resignation as an executive Director with effect from 12 April 2024, due to her intention to focus on her other business commitments. The Board also announced that Mr. Hui Chi Kwan has been appointed as an executive Director with effect from 12 April 2024. Mr. Hui, aged 46, is one of the founders of the Group and the chief executive officer of the Group since April 2015.

Mr. Hui has over 19 years of experience in the retail industry. As CEO, Mr. Hui is responsible for overseeing the day to day management of the Group. Mr. Hui is also a chief executive officer of CIAO International Limited, the director of each of Best Mart 360 Macau Limited and Allied Wide Limited, and the legal representative of Shenzhen Best Mart 360 Commerce Limited, all of which are subsidiaries of the Company.

In addition, Mr. Hui is a member of the 12th Chinese People's Political Consultative Conference Shandong Province Committee since December 2019, a standing member of the 13th Chinese People's Political Consultative Conference Shandong Province Committee since January 2023, the president of Hong Kong Industrial and Commercial Association Limited since 2023, the executive president of the Community Care Development Fund (Eastern District) since 2023, the executive vice president of Hong Kong Association for Promotion of Peaceful Reunification of China since 2023, the vice chairman and permanent honorary chairman of Hong Kong Federation of Fujian Associations since 2023, the vice chairman of the 13th Committee of Jinjiang Federation of Overseas Chinese, Fujian since April 2023, the vice president (2015 ­ 2022), permanent honorary president (since 2015) and the president (since May 2022) of The Fukien Athletic Club, the vice chairman of Hong Kong Department Stores and Retail General Union since January 2016, a fellow of The Professional Validation Centre of Hong Kong Business Sector since June 2015, the permanent honorary president of Hong Kong Shine Tak Foundation Association Limited since March 2021, and was a member of the 12th and 13th Chinese People's Political Consultative Conference Jinjiang Municipal Committee between 2013 and 2020. Mr. Hui has entered into a service agreement with the Company for an initial term of three years commencing from 12 April 2024 and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. The term of the service agreement shall be renewed and extended automatically for successive terms of one year upon the expiry of the then current term until terminated by not less than six months' notice in writing served by either party on the other.