Hang Yick Holdings Company Limited announced that Mr. Leung Fuk Shun (``Mr. Leung''), Mr. Cheung Chun Man Anthony and Mr. Law Chi Hung have resigned as independent non-executive Directors due to their other business engagement with effect from 4 January 2024. Mr. Leung also resigned as the chairman of the Board, a member of each of the audit committee, the remuneration committee and the nomination committee of the Company respectively. Mr. Cheung also resigned as the chairman of the nomination committee, a member of each of the audit committee and the remuneration committee of the Company respectively.

Mr. Law also resigned as the chairman of the audit committee, the chairman of the remuneration committee and a member of the nomination committee of the Company respectively. Each of Mr. Leung, Mr. Cheung and Mr. Law 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 (the ``Shareholders''). The board would like to announce that, with effect from 4 January 2024, Mr. Chan Man Kiu (``Mr. Chan'') has been appointed as an executive director of the Company and also the Chief Financial Officer of the Company.

Mr. Deng Chaowen (``Mr. Deng'') has been appointed as an independent non-executive director of the Company. Mr. Chan is also the Chief Financial Officer and the Company Secretary of Jiangnan Group Limited, a company the shares of which were previously listed on the main board of the Stock Exchange of Hong Kong Limited. Mr. Chan has over 30 years of experience in the field of finance and operations.

Mr. Chan joined Jiangnan Group Limited in January 2011. From June 2007 to December 2010, Mr. Chan served as the deputy chief operating officer in Xinhua Sports and Entertainment Limited. From March 2001 to May 2007, Mr. Chan was the finance director and managing director in business development of Xinhua Finance Limited.

From January 1990 to February 2001, he held different managerial roles in Jardine Fleming. From August 1984 to December 1989, he worked for PricewaterhouseCoopers. From 25 April 2022 to 31 March 2023, Mr. Chan served as an independent non-executive director of Life Healthcare Group Limited (stock code: 928), a company the shares of which are listed on the Main Board of the Stock Exchange of Hong Kong Limited.

Mr. Deng Chaowen (), age 44, has been appointed as an independent non-executive director and the Chairman of the Board with effect from 4 January 2024. Mr. Deng has over 20 years of experience in human resources management and corporate management. He worked as human resource manager from 2009 to 2011 in Tencent Holdings Limited (stock code: 0700), a company listed on the main board of The Stock Exchange of Hong Kong Limited.

Prior to that, he also worked for Huawei and Kingdee International (Stock code: 0268) as human resource manager and senior human resource manager respectively. Mr. Deng currently serves as the Co-founder and CEO of Oriental Info Technology Co. Ltd., and its wholly-owned enterprises, including Shenzhen Industry Technology Co.

Ltd. Since 2019, he has also worked as a strategic consultant for numerous startup IT companies in Shenzhen. Mr. Deng has been appointed as a member of the Remuneration Committee, a member of the Nomination Committee and a member of the Audit Committee with effect from 4 January 2024. Following the resignation of Mr. Law, Ms. Mak Suet Man is appointed as the chairman of each of the Remuneration Committee and Audit Committee of the Company respectively with effect from 4 January 2024.

Following the resignation of Mr. Cheung, Mr. Liu Sicheng is appointed as the chairman of Nomination Committee of the Company with effect from 4 January 2024. Following the resignation of Mr. Leung, Mr. Deng is appointed as Chairman of the Board with effect from 4 January 2024.