Tsit Wing International Holdings Limited announced that, Mr. Timothy John Collins and Mr. Lee Tak Wah who were nominated by DCH, have been appointed as non-executive Directors with effect from 14 June 2023. Mr. Collins, aged 54, has over 25 years of experience in the fast-moving consumer goods and healthcare industries. He has been the chief executive director of DCH Auriga Healthcare and Integrated Market Services Asia -- Southeast Asia region.

He joined Li and Fung Asia in 2004 and had been essential to LF Asia's development, leading the expansion of market coverage across Asia and orchestrating the acquisition of LF Asia by Dah Chong Hong Holdings Limited (``DCH Group'') in June 2016. Post-acquisition he has overseen the integration of LF Asia and the rebranding of the DCH Auriga healthcare platform independent from the DCH Foods platform. Prior to joining the DCH Group, Mr. Collins was the general manager (Hong Kong and Taiwan) from 2000 to 2003, the sales and marketing director (Indonesia) from 1998 to 2000, and took other various roles from 1991 to 1997 at Cadbury Schweppes Ltd. Mr. Collins is a member of the Hong Kong Supplier Association and Global Standards 1. Mr. Collins completed various courses including the leadership program of MIT Sloan School of Management in July 2010.

Mr. Lee, aged 58, has over 20 years of experience in corporate and business management. He has been the executive director and head of new retail, motor & yacht of DCH Group since January 2023, where he is responsible for overseeing the motor and yachts business operation and development. Mr. Lee has joined the DCH Group since June 1999 and has held various senior positions within the DCH Group.

Mr. Lee obtained a Bachelor of Engineering (Mechanical Engineering) from the Hong Kong Polytechnic University in November 1987, and received a Master of Business Administration from the Chinese University of Hong Kong in December 1996. Each of Mr. Collins and Mr. Lee has entered into a letter of appointment with the Company for an initial term of three years commencing from 14 June 2023 unless terminated by not less than three months' notice in writing served by either party on the other. They are subject to the requirement of the bye-laws of the Company relating to the rotation and re-election of directors.

According to the terms of each of their appointment letters, no director's fee shall be payable by the Company to each of Mr. Collins and Mr. Lee. Their future remuneration shall be subject to the review by the Board based on the recommendations from the remuneration committee of the Company.