Capital Estate Limited announces that with effect from 15 February 2022, (i) Mr. Chu Nin Wai, David ("Mr. Chu") and Mr. Lau Chi Kan, Michael ("Mr. Lau") have resigned as executive Directors, (ii) Mr. Tsui has been appointed as an executive Director and chairman of the Board, and (iii) Mr. Lam Yiu Cho ("Mr. Lam") has been appointed as a non-executive Director. Mr. Chu and Mr. Lau have resigned as executive Directors with effect from 15 February 2022 due to their wishes to devote more time in other business ventures. Mr. Tsui, aged 39, has more than 15 years of experience in the accounting and corporate field. Mr. Tsui has been the Chief Executive Officer of AE Majoris Advisory Company Limited which is principally engaged in the provision of corporate advisory services, since January 2012. The Board considered and accepted the recommendation from the nomination committee of the Board to appoint Mr. Tsui as an executive Director and chairman of the Board, after reviewing his qualification and working experience. Mr. Lam aged 39, has more than 15 years of experience in the accounting and corporate industry. Since March 2016, Mr. Lam has been working for AE Majoris Advisory Company Limited. The Board considered and accepted the recommendation from the nomination committee of the Board to appoint Mr. Lam as a non-executive Director, after reviewing his qualification and
working experience.