The Board of Directors of Jiahua Stores Holdings Limited announced that Madam Ying Chi Kwan ("Madam Ying") has been appointed as an independent non-executive Director with effect from 27 December 2023. Madam Ying, aged 49, has more than 23 years' experience in corporate financial reporting and financing. She has assisted several clients in handling listing related projects and provided financial consulting services to a number of listed companies, involving in the construction, real estate, and shipping industries.

Madam Ying graduated from the University of British Columbia in Vancouver, Canada with a Bachelor of Commerce. She is currently a member of the American Institute of Certified Public Accountants. Madam Ying worked for Ernst & Young, and since 2005, she started her career in corporate finance and has worked for different financial institutions licensed by the Hong Kong Securities and Futures Commission.

She has worked in Chinese-funded, Taiwan-funded and Hong Kong-funded financial institutions, including but not limited to Haitong International Capital Co., Limited and KGI Securities Asia Co., Limited. From 2022 to 2023, Madam Ying served as an executive director of Southwest Securities (Hong Kong) Capital Limited. The Board believes that Madam Ying provides valuable advice on the Group's corporate financial reporting and financing, internal control and Environmental, Social and Governance matters.

Madam Ying has been appointed as a member of audit committee, a member of nomination committee and a member of the remuneration committee of the Company with effect from 27 December 2023.