Sitoy Group Holdings Limited announced that Dr. Lau Kin Shing, Charles ("Dr. Lau"), an executive director, will be re-designated as a non-executive director of the Company with effect from 1 August 2021. Dr. Lau was appointed as an executive director of the Company on 1 June 2017. He is a Chartered Accountant (New Zealand), Certified Internal Auditor (United States), and also a member of Association of Chartered Certified Accountants and Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. He possesses about 30-year executive experiences in corporate control, financial management, risk management and internal control gained from international listed companies. Before joining the Group in 2015, he held key corporate executive position in various conglomerates, including: vice president of China Resources Beer (Holdings) Company Limited, deputy head of internal audit for Hutchison Whampoa Limited, and chief financial officer and company secretary of Miramar Hotel and Investment Company, Limited. He was the company secretary, authorised representative and process agent of the Company before he resigned from the above positions with effect from 29 September 2020. Dr. Lau has been appointed as an independent non-executive director of KOS International Holdings Limited, with effect from 1 February 2021 and an independent director of Lingyi Itech (Guangdong) Company Limited with effect from 6 July 2021.