The board of directors of Time Watch Investments Limited announced that Mr. Mak King Pui Ricky (Mr. Mak) has tendered his resignation as the chief financial officer (CFO) of the Group with effect from 6 January 2023 as he would like to devote more time on his personal and other business commitments. Mr. Mak has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board announced that Mr. Ng Lai Po (Mr. Ng) has been appointed as the CFO with effect from 6 January 2023 to fill the vacancy as a result of the resignation by Mr. Mak.

Mr. Ng Lai Po, age of 55, has joined the Company as Financial Consultant since October 2022. Mr. Ng obtained his Bachelor of Social Sciences from the University of Hong Kong in 1990. He has been a fellow member of the Association of Chartered Certified Accountants since 1999 and an associate member of the Hong Kong Institute of Certified Public Accountants since 2017.

Mr. Ng has over 30 years of experience in financial and operation management in Hong Kong and the PRC, covering a variety of industries including property management, department store operation, petroleum, fast-moving consumer goods, pharmaceutical, luxury and fashion products trading and retailing. Mr. Ng has been serving as an independent non-executive director of Elate Holdings Limited (previously known as South Sea Petroleum Holdings Limited), a company listed on the Main Board of the Stock Exchange since 2012, and an executive director and compliance officer of M&L Holdings Group Limited, a company listed on GEM of the Stock Exchange since 2017.