GBA Holdings Limited announces that with effect from 27 March 2023, Mr. Lam Chi Keung ("Mr. Lam") has resigned as an independent non-executive Director, and a member of each of the audit committee (the "Audit Committee"), the Remuneration Committee (the "Remuneration Committee") and the nomination committee of the Company due to his personal commitments. The Board announced that Mr. Leung Gar-gene Vincent ("Mr. Leung") has been appointed as an independent non-executive Director, and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 27 March 2023. Mr. Leung Gar-gene Vincent aged 37, is an experienced finance and accounting professional.

He is currently a director of Gemcoast Limited, a private company in Hong Kong principally engaged in providing financial consultancy services to its clients. He is a member of Chartered Accountants in Australia and New Zealand and is a member of its Hong Kong Council. He is also a licensed person to carry on Type 9 (asset management) regulated activity under the Hong Kong Securities and Futures Commission (the "SFO") since July 2019.

Since November 2017, Mr. Leung has been and continues to serve as an independent non-executive director of Prosperous Printing Company Limited (stock code: 8385). Previously,Mr. Leung was an independent non-executive director of Samson Paper Holdings Limited (stock code: 731) from July 2020 to January 2022. Mr. Leung has entered into a letter of appointment dated 27 March 2023 with the Company.

He is entitled to receive a director's remuneration of HK$120,000 per annum, which is determined by the Board or its delegated committee with reference to his duties and responsibilities within the Company as well as the prevailing market conditions. He has been appointed as an independent non-executive Director for an initial term of one year commencing from the date of appointment and his directorship in the Company is subject to retirement by rotation and re-election at the next following annual general meeting of the Company in accordance with the bye-laws of the Company.