Alco Holdings Limited announced that with effect from 27 October 2023: (1) Mr. Deng Chaowen ("Mr. Deng"), aged 44, is appointed as independent non-executive director ("INED") of the Company, a member of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee; and (2) Ms. Mak Suet Man ("Ms. Mak"), aged 36, is appointed as INED of the Company, a member of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee. Mr. Deng, aged 44, holds a Master 's degree in International Management from Oxford Brookes University, UK, awarded in July 2003. He also obtained a Bachelor's degree in Management from Guangdong University of Technology, China, in July 2002.

Mr. Deng possesses over twenty years of experience in human resources management, organizational management and corporate operation management in the information technology industry. He worked as human resource manager from 2009 to 2011 in Tencent Holdings Limited, a company listed on the main board of The Stock Exchange of Hong Kong. Prior to that, he also worked for Huawei and Kingdee International as human resource manager and senior human resource manager respectively.

Mr. Deng currently serves as the Co-founder and CEO of Oriental Info Technology Co. Ltd., and its wholly-owned enterprises, including Shenzhen Industry Technology Co. Ltd. Since 2017, he has also worked as a strategic consultant for numerous startup IT companies in Shenzhen.

Ms. Mak, aged 36, graduated from The Hong Kong University of Science and Technology with a Bachelor of Business Administration in Marketing and Management of Organisation, is a responsible officer of Type 6 (advising on corporate finance) regulated activity and a fellow member of both the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. Ms. Mak possesses more than 10 years executive experience in accounting, corporate finance, risk management and internal controls. She is currently an INED of Windmill Group Limited.