The board (the ?Board?) of directors (?Director(s)?) of PT International Development Corporation Limited (the ?Company?) announced that Mr. Wong Kung Ho, Alexander has been appointed as an executive Director of the Company with effect from 18 April 2024. Mr. Wong, aged 48, has over 22 years of experience in the finance industry. He worked in Citibank N.A., Hong Kong Branch from October 2002 to June 2004 with the last position as investment consultant, American Express Bank Limited from June 2004 to August 2005 with the last position as head ­ investment consultant, Citibank (Hong Kong) Limited from August 2005 to March 2006 with the last position as branch manager and American Express Bank Limited from April 2006 to June 2008 with the last position as relationship manager.

He also worked in BNP Paribas Wealth Management Hong Kong Branch from June 2008 to September 2016 with the last position as relationship manager. Mr. Wong joined the Group since 2019 and currently serves as a director of PT Insurance Brokers Company Limited, the Head of Trading of Muhabura Capital Limited and a licensed representative of Helios Asset Management (HK) Limited (?Helios?), all of which are wholly owned subsidiaries of the Company. Mr. Wong obtained his bachelor of science degree in business administration from Boston University in the United States in 2002.

Pursuant to the Letter of Appointment, Mr. Wong will hold office until the next annual general meeting of the Company and is eligible for re-election at such meeting, and he will be subject to retirement by rotation and re-election at least once every three years at the annual general meeting of the Company and in accordance with the bye-laws of the Company. Mr. Heinrich Grabner (?Mr. Grabner?) has tendered his resignation as the deputy chairman of the Board and an executive Director of the Company, in each case, with effect from 18 April 2024 as he would like to pursue other business engagements. Mr. Grabner will remain as a director of certain subsidiaries of the Company for the time being.

With effect from 18 April 2024, Mr. Heinrich Grabner has ceased to be an authorized representative of the Company under the Listing Rules. In replacement of Mr. Heinrich Grabner, Mr. Wong Kung Ho, Alexander has been appointed as an authorised representative of the Company under the Listing Rules with effect from 18 April 2024.