The board of directors of Ling Yui Holdings Limited announces that Mr. Lee Kim Ming (Mr. Lee) has resigned as an executive Director and the chairman of the Board, the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part 16 of the Companies Ordinance, the chairman of the nomination committee of the company and a member of the remuneration committee of the Company with effect from 1 September 2022, as he wishes to devote more time to his personal commitments. The Board announced that Mr. Ling Chi Fai (Mr. Ling) has been appointed as an executive Director, the Chairman, the Authorised Representative, the chairman of the Nomination Committee and a member of the Remuneration Committee; and Mr. Li Meng (Mr. Li) has been appointed as an executive Director; with effect from 1 September 2022. Mr. Ling, aged 59, is the general manager of the Group.

Mr. Ling was previously a project manager of the Group. Mr. Ling is primarily responsible for daily monitoring and supervision of the operations of construction sites. He is also in charge of the tendering procedure of the Group.

Mr. Ling has approximately 42 years of experience in the construction industry. He began his career as a construction manager in 1980 and worked at Hang Fai Engineering Company Limited from 1980 to 1997. In 1997, Mr. Ling joined Ming Lee Engineering Company Limited as a project manager where he was responsible for the arrangement of construction site.

Mr. Ling joined the Group in 2000 and has accumulated extensive experience in the operations of the foundation industry from working on various projects involving sheet piling, site formation, and excavation and lateral support works. Mr. Li (formerly known as Mr. Li Meng Meng), aged 31, graduated from the Shihezi University, the People's Republic of China (the PRC) and obtained a Bachelor of Management majoring in e-commerce in June 2013. From June 2013 to June 2015, Mr. Li was a sales manager at Baidu Shenzhen Branch.

From June 2015 to June 2016, Mr. Li was the general manager of Snow Biotechnology (Shenzhen) Co. Ltd. Since September 2016, Mr. Li has been the chairman of Shenzhen Qianhai Guochuang Technology Group Co. Ltd. and its subsidiaries, Shenzhen Qianhai Guochuang Investment Consulting Co.

Ltd. and Shenzhen Qianhai Venture Capital Consulting Co. Ltd.