The board of Luk Hing Entertainment Group Holdings Limited announced the appointment of Mr. Jonathan Cheng as an executive Director of the Company. Mr. Cheng is currently the Group Chief Executive Officer and Managing Director of LC Capital Limited. Helmed by Mr. Cheng, LC Capital Group is a private equity group of companies operating in the luxury real estate, entertainment and F&B, and media industries in Asia Pacific.

Mr. Cheng's wealth of experience spans over two decades in starting up new enterprises with the last 17 years spent focusing on private equity and has spearheaded many successful projects, especially in the Asia-Pacific region. Mr. Cheng sits on multiple boards, across various industries from property development to venture capitalists. As at the date of this announcement, Mr. Cheng is also the Executive Chairman and Managing Director of Ultima United Limited.

He holds double master's degrees in Business Administration and Economics from Murdoch University. The Board also announced that with effect from 20 June 2022, Mr. Chan Wai has been appointed as an independent non-executive Director. The biographical details of Mr. Chan are set out as follows: Mr. CHAN Wai, aged 52, is a member of the Hong Kong Institute of Certified Public Accountants, an associate of the Association of Chartered Certified Accountants and Institute of Chartered Accountants in England and Wales with more than 29 years of experience in accounting and financial management.

He has been the company secretary and chief financial officer of Katone Holdings Limited and Champion Technology Holdings Limited (since October 2016. Prior to that, he worked as chief financial officer and company secretary at Culture Landmark Investment Limited China Media and Films Holdings Limited, Doyen International Holdings Limited. Mr. Chan holds a master degree in Professional Accounting awarded by The Hong Kong Polytechnic University.

As a result of the appointment of Mr. Chan as independent non-executive Director, with effect from the 20 June 2022, Mr. Chan has been appointed chairman of the Audit Committee.