The board of directors of Royal Deluxe Holdings Limited announced that a risk committee of the Board (the Risk Committee) has been established on 23 March 2022. The purpose of establishment of the Risk Committee is to assist the Board in overseeing the effectiveness of the risk management of the company. Mr. Lai Ah Ming Leon, an independent non-executive Director, has been appointed as the chairman of the Risk Committee and Mr. Wang Yu Hin, an executive Director, and Mr. Sio Kam Seng and Mr. Kwong Ping Man, the independent non-executive Directors, have been appointed as members of the Risk Committee, all with effect from 23 March 2022.