The Board of Kin Shing Holdings Limited has also been informed that Mr. Chiu has tendered his resignation as an executive Director and the chairman of the investment committee of the Company (the "Investment
Committee") with effect from 10 May 2023 as he would like to devote more time to other business commitments which require more of his dedication. Mr. Chiu has confirmed that (i) he has no claims against the Company in respect of his resignation; (ii) he has no disagreement with the Board; and (iii) there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. Following the resignation of Mr. Chiu, the Board further announces that Mr. Chow Dik Cheung, currently an executive Director and chief executive officer of the Company, has been appointed as the chairman of the Investment Committee with effect from 10 May 2023.