Prosperous Industrial (Holdings) Limited announced that due to his other personal commitments which require more of this dedication, Mr. Yip Kwok Cheung has resigned as an independent non-executive Director and cease to act as the chairman of the nomination committee and a member of the audit committee of the Company with effect from 28 March 2024. Mr. Yip has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that ought to be brought to the attention of the Exchange and the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Yip for his valuable contribution to the Group during his terms of office.

The Board announced that Mr. Wong Kwun Ho has been appointed as an independent non-executive Director, the chairman of nomination committee and a member of audit committee, with effect from 28 March 2024. Mr. Wong, aged 40, is a managing director of Orient Capital (Hong Kong) Limited, a subsidiary of Orient Securities Company Limited. He is a responsible officer of Type 1 (dealings in securities) and Type 6 (advising on corporate finance) regulated activities under the SFO, and has more than 15 years of experience in financial management and public offering transactions.

Mr. Wong served as an independent non-executive director of Contel Technology Company Limited from June 2019 to January 2022 and Legion Consortium Limited from December 2020 to January 2022. Mr. Wong obtained a bachelor degree in Business Administration from The City University of Hong Kong in November 2008, and an executive master degree of Business Administration from the Chinese University of Hong Kong in November 2023. He is also a member of the Hong Kong Institute of Certified Public Accountants since February 2012.

The Board further announces that due to his other personal commitment which require more of his dedication, Mr. Liao Yuang-Whang will retire as non-executive director of the Company with effect from the conclusion of the annual general meeting of the Company to be held on 19 June 2024. Mr. Liao Yuang-Whang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his retirement that need to be brought to the attention of the shareholders of the Company. The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Liao Yuang-Whang for his valuable contributions to the Company and the Board.