Xtep International Holdings Limited announced that Mr. Yeung Lo Bun has resigned as (i) the company secretary of the company (the company secretary); (ii) an authorized representative of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange'); and (iii) an authorized representative of the company for accepting service of process and notices on the company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) ((ii) and (iii) collectively, the Authorized Representatives') with effect from 28 June 2024. Mr. Yeung will remain as the chief financial officer and group vice president of the Group. The change in the roles of Mr. Yeung will allow him to dedicate more of his time to the critical responsibilities as chief financial officer of the Group, focusing on overseeing the Group's financial management, strategy planning, investor relations and business development.

Following the resignation of Mr. Yeung, the board announced that Mr. Cheung Yan Kiu has been appointed as the company secretary and the Authorized Representatives with effect from 28 June 2024. Mr. Cheung Yan Kiu, aged 36, joined the Group in 2019 and served as the finance controller of the Group. Mr. Cheung was responsible for the financial and accounting affairs of the athleisure segment.

Before joining the Group, he worked in an international accounting firm for over nine years in both assurance and transaction advisory services. He has extensive experience in accounting, mergers and acquisitions, taxation, financial management, and corporate governance. Mr. Cheung is a Fellow of the Hong Kong Institute of Certified Public Accountants (HKICPA), a member of the Institute of Chartered Accountants in England and Wales (ICAEW), and a member of CPA Australia.

He is also a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Chartered Alternative Investment Analyst (CAIA). Additionally, Mr. Cheung has obtained a certificate from the CFA Institute in ESG investing. Mr. Cheung graduated with a Bachelor of Business Administration in Accounting and Finance degree from The University of Hong Kong.