The Board of Crosstec Group Holdings Limited announced that Mr. Lam will be re-designated from the acting Chief Executive Officer to the Chief Executive Officer with effect from 13 March 2023. Mr. Lam Wing Hung, aged 34, joined the Group as financial controller in April 2017. He has been appointed as an executive Director and promoted as the finance director of the Company with effect from 16 September 2022. He has also been the company secretary of the Company and several subsidiaries of the Company since 25 March 2022. He is also a director of certain subsidiaries of the Company. Mr. Lam has over 10 years' experience in auditing, accounting and
corporate management with international exposure. Prior to joining the Group, from October 2010 to April 2017, Mr. Lam held various positions at Ernst & Young Hong Kong office, where he last served as manager in the assurance department. Mr. Lam has been a member of the Hong Kong Institute of Certified Public Accountants and an associate member of the Institute of Chartered Accountants in England and Wales since 2013 and 2022 respectively. Mr. Lam holds a Bachelor's degree in Accountancy from the Hong Kong Polytechnic University. Mr. Lam will enter into a service contract with the Company for a term of one year commencing from 13 March 2023, which may be terminated by not less than three months' notice served by either party on the other. Mr. Lam is entitled to a remuneration of HKD 120,000 per annum in his capacity as an executive Director, an annual remuneration as Chief Executive Officer of HKD 1,440,000, an annual discretionary bonus, a sitting fee of HKD 2,500 for his attendance of each committee meeting and other benefits under the Company's health insurance scheme and any employee benefit plan, which is determined with reference to his duties and responsibilities, the prevailing market conditions and the recommendation from the Remuneration Committee.