The board of directors of Chow Tai Fook Jewellery Group Limited announced that Mr. Chan Sai-Cheong, an executive director and Managing Director, Mainland China of the Company, has expressed his intention to retire from the Company on account of personal reasons of a private nature in order to devote more time to his personal affairs, and he has tendered his resignation as an executive director and Managing Director, Mainland China of the Company with effect from 31 March 2023. Mr. Chan will also cease to be a member of the Strategy and Transformation Committee of the Board and retire from all subsidiaries of the Company of all directorships and executive positions. The Company has, together with Mr. Chan, put into place a detailed plan to ensure a seamless hand over of his current role and responsibilities to Mr. Wong Siu-Kee, Kent, an executive director and Managing Director, Corporate and HK, Macau and Overseas of the Company.

Mr. Wong will focus on overseeing the China's operations and strategy of the Company to ensure continuity and sustained business growth.