The board of directors of Hi-Level Technology Holdings Limited announced that with effect from September 4, 2023: Dr. Yim has resigned as the Chairman due to his intention to allocate more time in S.A.S. Dragon Holdings Limited but will remain as the ED. Following Dr. Yim's resignation as the Chairman, Mr. Jacky Yim has been appointed as the Chairman and the NED. The biographical details of Mr. Jacky Yim are set out as below: Mr. Jacky Yim, aged 38, holds a Bachelor's degree from Central Saint Martins in United Kingdom and a Master's degree in Business Administration from the University of Wales.

He has appointed as executive director of S.A.S. Dragon since 2013. He is the founder and chief executive officer of S.A.S. Lighting Company Limited since 2009, a wholly-owned subsidiary of S.A.S. Dragon and leads a working team to develop the LED lighting business in the S.A.S. Dragon Group. He received the Young Industrialist Awards of Hong Kong from The Federation of Hong Kong Industries in 2017, the Directors of the Year Awards from The Hong Kong Institute of Directors in 2019 and the Young Entrepreneur Award of the Guangdong-HK-Macao Greater Bay Area in 2020.

Mr. Jacky Yim is currently a member of the Chinese People's Political Consultative Conference Shanghai Committee, the vice chairman of Shenzhen Association of Enterprises with Foreign Investment, a member of Yau Tsim Mong South Area Committee, a member of the executive committee of Hong Kong Electronic Industries Association, a member of the Hong Kong Trade Development Council (HKTDC) Electronics/Electrical Appliances Industries Advisory Committee, a member of the Hong Kong Electrical Appliance Industries Association and a member of Hong Kong Young Industrialists Council. He is the son of Dr. Yim. Mr. Chang has resigned as the ED and the CEO as he wishes to devote more time for his personal commitments.

Mr. Chang has ceased to act as the Authorised Representative and Mr. Jacky Yim has been appointed as the Authorised Representative.