Texwinca Holdings Limited announced that Mr. Ho Lai Hong will be re-designated from an Independent Non-executive Director of the Company to an Executive Director of the Company with effect from 9 November 2023. Upon the re-designation, Mr. Ho will become an ED and cease to be the chairman of the Company's Remuneration Committee and a member of the Company's Audit Committee but remain to act as a member of the Company's Nomination Committee and the RC with effect from the same date. Mr. Ho Lai Hong will be re-designated from an INED to an ED with effect from 9 November 2023.

Upon the re-designation, Mr. Ho will become an ED and cease to be the chairman of the RC and a member of the Company's Audit Committee but remain to act as a member of the NC and the RC with effect from the same date. Mr. Ho Lai Hong, aged 65, was appointed as an INED of the Company on 31 August 2022 and will be re-designated as an ED with effect from 9 November 2023. He will be responsible for the overall general administration and management of the Group.

He had over 30 years of corporate banking, corporate finance and management experiences with Mizuho Bank Ltd. Mr. Ho is a fellow member of The Hong Kong Chartered Governance Institute, a fellow member of the Hong Kong Securities and Investment Institute and a fellow and council member of the Hong Kong Institute of Directors. He holds a Master of Business Administration Degree from The Hong Kong Polytechnic University. Mr. Ho is an independent non-executive director of Yue Yuen Industrial (Holdings) Limited (stock code: 551) and KRP Development Holdings Limited (stock code: 2421) respectively.

Prior to his retirement from Mizuho Bank Ltd. in March 2018, he was the general manager/alternate chief executive of Mizuho Bank Ltd., Hong Kong Branch. Mr. Ho was also an independent non-executive director of Foshan Water and Environmental Protection Co. Ltd. Save as disclosed above, he did not hold any other directorships in any other listed public companies in Hong Kong and overseas in the last three years or any position with the Company and its subsidiaries.

Upon the re-designation, Mr. Ho will become an ED and cease to be the chairman of the RC and a member of the Company's Audit Committee but remain to act as a member of the NC and the RC with effect from the same date. After the above changes, the respective Board Committee comprises the following members: Audit Committee - Law Brian Chung Nin (Chairman); Cheng Shu Wing. Nomination Committee: Cheng Shu Wing (Chairman); Law Brian Chung Nin; Ting Kit Chung; and Ho Lai Hong.

Remuneration Committee: Cheng Shu Wing; Law Brian Chung Nin; Ting Kit Chung; Ho Lai Hong.