WWPKG Holdings Company Limited announced that Mr. Yuen Sze Keung (Mr. SK Yuen') has tendered his resignation as the chairman of the Board (Chairman'), an authorised representative of the Company under Rule 5.24 of the GEM Listing Rules (Authorised Representative) and an authorised representative for accepting service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 30 September 2022. Mr. SK Yuen will continue to be an executive Director after his resignation as the Chairman. Mr. Yuen Chun Ning (Mr. CN Yuen'), an executive Director and the chief executive officer of the Company (Chief Executive Officer), was selected by the Board to succeed Mr. SK Yuen as the Chairman with effect from 30 September 2022.

Biographical details of Mr. CN Yuen are set out as follows: Mr. CN Yuen, aged 44, joined the Group in 2005 and was appointed as the Chief Executive Officer, an executive Director and the compliance officer of the Company on 8 June 2016. Mr. CN Yuen also serves as a director of Worldwide Package Travel Service Limited, WWPKG Management Company Limited and Firepower Technology Limited and a managing director of Package Tours (Hong Kong) Limited, which are subsidiaries of the Company, and a director of Triplabs (BVI) Limited and Triplabs Limited, which are joint ventures of the Company. Mr. CN Yuen obtained his Bachelor of Environmental Studies degree in Planning from the University of Waterloo, Canada in 2001, and his Master degree of Philosophy from the University of Cambridge, United Kingdom in 2002.

Mr. CN Yuen joined the Group in 2005 and has gained over 16 years of experience in the tourism industry through managing the Group's operations. He has been responsible for managing all lines of businesses of the Group and its overall operations, as well as overseeing the Group's IT development. Mr. CN Yuen is the son of Mr. SK Yuen and Ms. Chan Suk Mei (Ms. Chan), both of whom are executive Directors.

Following his appointment as the Chairman, Mr. CN Yuen will assume the dual roles of the Chairman and the Chief Executive Officer. The Board believes that vesting the roles of both the Chairman and the Chief Executive Officer in Mr. CN Yuen has the benefit of ensuring consistent leadership, continuous planning and effective execution of the Group's strategies. The Board considers that the balance of power and authority under the present structure will not be compromised.

The Board will regularly review the effectiveness of this structure to ensure that it is appropriate to the Group's circumstances. The Board further announced that Ms. Shawlain Ahmin, an executive Director, has been appointed as an Authorised Representative with effect from 30 September 2022. Mr. Choi, aged 38, obtained his Bachelor degree of Economics and Business Administration in Finance from the Stony Brook University in the United States in 2011.

Mr. Choi has over 10 years of experience in securities trading and corporate management. Mr. Choi was a responsible officer and a director of Orient Securities Limited, a wholly-owned subsidiary of Orient Securities International Holdings Limited, from 2021 to 2022. He is currently an independent non-executive director of Milan Station Holdings Limited and a director of, and holds 100% interest in, Sharp and Pro Business Services Co., Limited, a company incorporated in Hong Kong for the provision of secretarial services to corporate clients in Hong Kong.

Mr. SK Yuen also ceased to be a member of each of the Remuneration Committee and the nomination committee of the Company.