The board of directors of Emperor Capital Group Limited announced Mr. Wong will be appointed as an Executive Director of the Company and a member of the Executive Committee under the Board with effect from 1 December 2022. Mr. Wong, aged 66, is currently a director of a subsidiary of the Company. He has over 30 years of finance and management experience in different businesses ranging from financial and securities services, property investment and development, hotel and hospitality, retailing of watch and jewellery, wholesaling and retailing of furniture, cinema development and operation to entertainment production and investment, artiste management as well as media and publication.

He is currently a director of Emperor International Holdings Limited Emperor Entertainment Hotel Limited Emperor Watch & Jewellery Limited Emperor Culture Group Limited and Ulferts International Limited all being listed members of Emperor Group. Mr. Wong is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and a fellow of the Association of Chartered Certified Accountants. Ms. Fan will be appointed as an Executive Director of the Company and a member of the Executive Committee under the Board with effect from 1 December 2022.

Ms. Fan, aged 59, is currently a director of certain subsidiaries of the Company and a responsible officer of Emperor Capital Limited and Emperor Futures Limited, both being subsidiaries of the Company, under the Securities and Futures Ordinance. She has over 33 years of corporate management experience in diversified businesses ranging from financial and securities services, property investment and development, hotel and hospitality, retailing of watch and jewellery, wholesaling and retailing of furniture, cinema development and operation to entertainment production and investment, artiste management as well as media and publication. Ms. Fan is currently a director of Emperor International, Emperor E Hotel, Emperor W&J, Emperor Culture and Ulferts.

She is a lawyer by profession in Hong Kong and a qualified accountant, and holds a Master's Degree in Business Administration. Mr. Wong will be appointed as a member of the Remuneration Committee whilst Ms. Daisy Yeung, the Managing Director of the Company, will cease to act for such position in the said committee on the same day; and Ms. Fan will be appointed as an authorized representative of the Company under Rule 3.05 of the Listing Rules whilst Ms. Yeung will cease to act for such position on the same day. With effect from 1 January 2023, Ms. Fan will be appointed as the Chairperson of the Corporate Governance Committee to fill the vacancy to be created by the retirement of Ms. Choi Suk Hing, Louisa as an Executive Director as set out in the announcement of the Company published on 30 June 2022.