The board of directors of C Cheng Holdings Limited announced that: Mr. Lo Wai Hung has resigned as an independent non-executive Director and ceased to be a chairman of the audit committee of the Company and a member of each of the remuneration committee and the nomination committee with effect from 3 April 2023 due to his intention to devote more time on his personal or other business development; and Mr. Yu Chi Hang ("Mr. Yu") has resigned as an independent non-executive Director and ceased to be a chairman of the Remuneration Committee of the Company and a member of each of the Audit Committee and the Nomination Committee with effect from 3 April 2023 due to his intention to devote more time on his personal or other business development. The Board announced that: Mr. Wong Hin Wing ("Mr. Wong") has been appointed as an independent non-executive Director, a chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee, with effect from 3 April 2023; and Mr. Wong Hin Wing ("Mr. Wong") has been appointed as an independent non-executive Director, a chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee, with effect from 3 April 2023; and Mr. Chan James ("Mr. Chan") has been appointed as an independent non-executive Director, a chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee, with effect from 3 April 2023. The biographical details of Mr. Wong Hin Wing is set out below: Mr. Wong Hin Wing, aged 60, graduated from the Chinese University of Hong Kong with a master's degree in executive business administration.

He is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Institute of Chartered Accountants in England & Wales, the Association of Chartered Certified Accountants, the Hong Kong Institute of Directors and the Chartered Governance Institute. He is also a member of the American Institute of Certified Public Accountants and a chartered member of the Chartered Institute for Securities & Investment. Mr. Wong was awarded the Medal of Honour by the Government of the Hong Kong Special Administrative Region.

Mr. Wong is currently an independent non-executive director of Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (a public company with A shares listed on the Shanghai Stock Exchange and H shares listed on the Stock Exchange (stock code: 874)), Inner Mongolia Yitai Coal Co. Ltd. (a public company with B shares listed on the Shanghai Stock Exchange and H shares listed on the Stock Exchange (stock code: 3948)), Jiangxi Bank Co. Ltd. a public company with H shares listed on the Stock Exchange, Zhaoke Ophthalmology Limited and Kingmaker Footwear Holdings Limited.

Mr. Wong served as an independent non-executive director of AEON Credit Service (Asia) Company Mr. Chan James, aged 69, graduated from the University of Hong Kong with a bachelor's degree of Arts in Architectural Studies, the University of Dundee in Scotland with a bachelor 's degree of Architecture and an executive Master of Business Administration in Tsinghua University. Mr. Chan is a professional member in the HKIA and a Governor of the ISF Academy. Mr. Chan is an independent non-executive director of Beijing Properties (Holdings) Limited since June 2011.

He served as the executive director of Pacific Century Premium Developments Limited during the period from August 2005 to February 2020, and a non-executive director of Viva China Holdings Limited during the period from 28 June 2013 to 28 June 2019. Mr. Chan has over 45 years of comprehensive experience in construction and property industry. The Board further announced that with effect from 3 April 2023: Mr. Lo Wai Hung ceased to be a chairman of the Audit Committee, a member of Remuneration Committee and a member of Nomination Committee; Mr. Wong Hin Wing has been appointed as a chairman of the Audit Committee, a member of Remuneration Committee and a member of Nomination Committee; Mr. Yu Chi Hang ceased to be a chairman of Remuneration Committee, a member of Audit Committee and a member of Nomination Committee; and Mr. Chan James has been appointed as a chairman of Remuneration Committee, a member of Audit Committee and a member of Nomination Committee.