King Fook Holdings Limited announced that Ms. Sum Mei Lin (Ms. Sum) resigned as the chief executive officer of the Company with effect on 1 May 2024 Ms. Sum resigned as she would like to retire from full time employment and spend more time with her family. She will continue to contribute to the Company as a consultant, effective 2 May 2024. She confirms that there is no disagreement with the board of the Company and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company.

The Company has appointed Ms. Ng Wing Han, Winnie (Ms. Ng) as the chief executive officer of the Company with effect on 2 May 2024. Ms. Ng, aged 48, has 20 years of investment banking experience in New York and Hong Kong. She graduated from University of Michigan, Ann Arbor, with a Bachelor's Degree in Business Administration and was a Certified Public Accountant (New York, USA).