The board of directors of Sincere Watch (Hong Kong) Limited announced that due to her other business commitment, Ms. Lo Miu Sheung, Betty will resign as an independent non-executive Director, a member of the Audit Committee and the Remuneration Committee, and the chairman and a member of the Nomination Committee with effect from 11 February 2023. The Board further announced that due to the job arrangements, the composition of the Audit Committee, Remuneration Committee, Nomination Committee and Investment Committee shall be changed as follows with effect from 11 February 2023: Audit Committee: Mr. Chiu Sin Nang, Kenny, an independent non-executive Director, will cease to be the chairman and remain a member of the Audit Committee. Mr. Zong Hao, an independent non-executive Director, will be appointed as the chairman of the Audit Committee.

After the above change, the Audit Committee comprises the following members: Mr. Zong Hao (chairman); Mr. Chiu Sin Nang, Kenny; and Mr. Yu Zhenxin. Remuneration Committee: Mr. Chiu Sin Nang, Kenny will cease to be a member of the Remuneration Committee. Mr. Zong Hao, an independent non-executive Director and Mr. An Muzong, an executive Director, shall be appointed as members of the Remuneration Committee.

After the above change, the Remuneration Committee comprises the following members: Mr. Yu Zhenxin (chairman); Mr. Zong Hao; and Mr. An Muzong. Nomination Committee: Mr. Chiu Sin Nang, Kenny will cease to be a member of the Nomination Committee. Mr. Zong Hao will be appointed as the chairman of the Nomination Committee.

Mr. An Muzong will be appointed as a member of the Nomination Committee. After the above change, the Nomination Committee comprises the following members: Mr. Zong Hao (chairman); Mr. Yu Zhenxin; and Mr. An Muzong. Investment Committee: Mr. An Muzong will be appointed as a member of the Investment Committee.

After the above change, the Investment Committee comprises the following members: Mr. Zhang Xiaoliang (chairman); Mrs. Chu Yuet Wah; Mr. Yu Zhenxin; and Mr. An Muzong.