Luk Hing Entertainment Group Holdings Limited announces that with effect from 4 September 2023, Mr. WONG Chung Wai has tendered his resignation as an independent non-executive Director and ceased to be a member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the Company as he would like to devote more time on his other work commitments. The Board announced that Mr. MAK Kwok Kwan Terence has been appointed as an independent non-executive Director, a member of the Audit Committee; a member of the Remuneration Committee and a member of the Nomination Committee of the Company, with effect from 4 September 2023. Mr. Mak, aged 43, obtained a Bachelor of Commerce degree from the University of New South Wales in September 2006.

He has over 11 years of experience in financial management and consultancy services. Since August 2007, Mr. Mak has been a consultant of Tung Yue Tai Company Limited, a company which is principally engaged in the trading, retail and wholesale of Chinese dried and preserved seafood, and he is responsible for overseeing the overall financial and business operation. Since June 2016, Mr. Mak has also been the managing director of Maia Global Investments Limited, primarily responsible for overseeing the overall management and strategic planning of the company.

Mr. Mak is also experienced in investing in both private and public companies. As confirmed by Mr. Mak, he has invested in a number of pre-IPO investments, such as the pre-IPO investment in Asia Grocery Distribution Limited; and investment in a company which is principally engaged in the manufacturing and sales of bead wires for automobile tires. Mr. Mak has entered into a letter of appointment with the Company, for a term of one year commencing from 4 September 2023.

The board announced that Ms. WOO Man Hung (Ms. Woo) has been appointed as an independent non-executive Director, a member of the Audit Committee; a member of the Remuneration Committee and a member of the Nomination Committee of the Company, with effect from 4 September 2023. Ms. Woo, aged 51, obtained a Bachelor of Arts (Hons) degree from the City University of Hong Kong in 1999. She has been a fellow member of the Association of Chartered Certified Accountants since October 2003 and a member of the Hong Kong Institute of Certified Public Accountants (Practising) since January 2003.

Ms. Woo has accumulated extensive work and management experience in accounting and auditing from her own practice and international accounting firms in the past 25 years. Ms. Woo has entered into a letter of appointment with the Company, for a term of one year from 4 September 2023.