The board of directors of Yik Wo International Holdings Limited announced that, with effect from 30 June 2022, Mr. Chung Chi Kit has resigned as an independent non-executive Director, chairman of the audit committee a member of each of the nomination committee and the remuneration committee of the Board due to other business commitments which require more of his dedications; and Mr. Chang Eric Jackson has been appointed as an independent non-executive Director, chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee. Mr. Chang, aged 42, obtained his Bachelor of Commerce degree from the University of British Columbia in May 2002. He is a member of the Hong Kong Institute of Certified Public Accountants since September 2005 and the American Institute of Certified Public Accountants since January 2005.

Mr. Chang has over 19 years of experience in accounting, finance and business advisory work. He had been the chief financial officer, company secretary and an authorised representative under the Listing Rules and under Part 16 of the Companies Ordinance of Sanxun Holdings Group Limited from July 2019 to December 2021 and China Tangshang Holdings Limited from April 2017 to August 2019, both companies are listed on the Main Board of the Stock Exchange. From July 2015 to April 2017, Mr. Chang served as the executive director, chief financial officer, joint company secretary and authorised representative of ZH International Holdings Limited a company listed on the Main Board of the Stock Exchange.

Mr. Chang worked in one of the largest international audit firms from September 2002 to September 2013. Mr. Chang is an independent non-executive director of Transmit Entertainment Limited the issued shares of which are listed on the Main Board of the Stock Exchange, since 13 December 2017. Mr. Chang is also an independent non-executive director of DL Holdings Group Limited since May 2018.

Mr. Chang was an independent non-executive director of Centenary United Holdings Limited the issued shares of which are listed on the Main Board of the Stock Exchange, from September 2019 to May 2020. He was also a non-executive director of Sino Vision Worldwide Holdings Limited, from May 2017 to July 2018. Pursuant to the letter of appointment made between Mr. Chang and the Company, Mr. Chang has been appointed as an independent non-executive Director for a term of three years with effect from 30 June 2022, unless terminated by no less than one month notice in writing served by Mr. Chang on the Company or at any time by service of notice in writing by the Company on Mr. Chang.

Mr. Chang will be subject to retirement by rotation and re-election and other related provisions as stipulated in the articles of association of the Company and the Rules Governing the Listing of Securities on GEM of the Stock Exchange Pursuant to his letter of appointment, Mr. Chang will be entitled to an annual director's fee of HKD 40,000, which was determined with reference to his background, experience, duties and responsibilities with the Group and the prevailing market conditions.