Man Wah Holdings Limited announced that with effect from 21 March 2022 Mr. Feng Guohua ("Mr. Feng") has resigned as an executive Director and the Chief Executive Officer of the Company (the "CEO") as he has decided to pursue his other business commitmen; and Mr. Wong Man Li ("Mr. Wong"), an executive Director of the Company, the Chairman of the Board and the managing director of the Group has been appointed as the CEO of the Company. Mr. Wong Man Li, aged 57, Member of the National Committee of Chinese People's Political Consultation Conference ("CPPCC"), BBS, JP, is also the Chairman of the Company's nomination committee and a member of the Company's remuneration committee. He is responsible for the day-to-day overall management of Company and mapping growth strategy.

In May 2015, Mr. Wong was elected as an Executive Chairman of the Hong Kong Industrial & Commercial Association and as a Founding Chairman of the Happy Hong Kong Charity Foundation. Mr. Wong is the husband of Ms. Hui Wai Hing, an executive Director, and the father of Ms. Wong Ying Ying, also an executive Director. Mr. Wong is a director of Man Wah Investments Limited, the controlling shareholder of the Company.