G-Vision International (Holdings) Limited announced that the chairman of the Board, Mr. Cheng Hop Fai ("Mr. Cheng") will, with effect from the conclusion of the forthcoming annual general meeting of the Company to be held on 16 August 2024, retire from his position as the chairman of the Board and an executive Director and cease to act as the managing Director due to his retirement plan. The Board further announces that following Mr. Cheng's retirement, Ms. Cheng Pak Man, Anita ("Ms. Cheng"), an executive Director since 30 September 2004, will succeed Mr. Cheng as chairman of the Board and Ms. Cheng Pak Lai, Lily, an executive Director since 1 April 2011, will succeed Mr. Cheng as managing Director. Mr. Law Toe Ming ("Mr. Law"), after serving the Board as an independent non-executive Director for 30 years, has expressed his intention to retire and will not offer himself for re- election at the 2024 AGM due to his other personal commitments.

The Board announced that Mr. Law Kwok Tai ("Mr. KT Law") was appointed as an independent non-executive Director with effect from 19 June 2024. Mr. Law Kwok Tai, aged 52, has over 20 years of experience in the corporate finance, investment banking and financial industry. Mr. KT Law is the Chief Financial Officer and Company Secretary of Palasino Holdings Limited (stock code: 2536) which is listed on the Main Board of the Stock Exchange.

Mr. KT Law did not hold any directorship in other listed companies in the last three years. Mr. KT Law was an executive director at Morgan Stanley Asia Limited from September 2018 to May 2023 and a director at Credit Suisse (Hong Kong) Limited from September 2015 to August 2018. From August 2006 to August 2015, Mr. KT Law worked at BNP Paribas Capital (Asia Pacific) Limited with his last position as a director.

Mr. KT Law was an assistant vice president at BOCI Asia Limited from February 2005 to August 2006. From March 2000 to February 2005, Mr. KT Law was at Anglo Chinese Corporate Finance, Limited, where his last position was senior manager. From December 1996 to February 2000, Mr. KT Law was at KPMG, where his last position was assistant manager.

Mr. KT Law graduated from Hong Kong Polytechnic with an honorary Bachelor of Science in Nursing in November 1994 and obtained his Master of Business Administration from Monash in Melbourne, Australia in December 1996. Mr. KT Law is qualified as a Certified Public Accountant in Australia and in Hong Kong and was certified as a Chartered Financial Analyst in September 2001. Mr. KT Law is also a fellow of the Hong Kong Securities and Investment Institute.

The Board further announces the following changes of members of Board committees: (1) with effect from 19 June 2024, Mr. Law will cease to act as a member and the chairman of the Remuneration Committee and a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee"); with effect from 19 June 2024, Mr. KT Law will be appointed a member of each of the Audit Committee and the Remuneration Committee; with effect from 19 June 2024, Mr. Yuen Shiu Cheong, Johnny ("Mr. Yuen") will be redesignated as the chairman of the Remuneration Committee and be appointed a member of the Nomination Committee; and with effect from the conclusion of the 2024 AGM, Mr. Cheng will cease to be and Ms. Cheng will succeed as the chairman of the Nomination Committee.