The board of directors of Man Sang International Limited hereby announced that with effect from 22 May 2024, Mr. Tam Ka Yu has been appointed as the chief executive officer of the Company. Mr. Tam, aged 40, has over 18 years of experience in accounting, investment banking industries and corporate finance. He is currently a member of the Hong Kong Institute of Certified Public Accountants.

In 2005, Mr. Tam obtained his bachelor's degree in business administration from The Hong Kong University of Science and Technology and started his career at the audit department of KPMG, an international audit firm. Throughout the period from 2007 to 2020, he had worked at Optima Capital Limited and the corporate finance advisory department of Deloitte & Touche Corporate Finance Limited where he was involved in a wide range of takeovers, mergers and acquisitions, initial public offerings, privatisations and other corporate finance advisory work for Hong Kong listed issuers. Prior to joining the Company, he was a director in the corporate finance and capital market division of China Merchants Securities (HK) Co., Limited and a responsible officer for Type 6 regulated activity (advising on corporate finance) under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. Tam has entered into an employment contract with the Company in respect of his appointment as the chief executive officer of the Company for an initial term of two years commencing from 22 May 2024, unless terminated by at least three months' written notice served by either party at any time during the employment term.