Hotung Investment Holdings Limited announced that Ms. Lan Yuan was proposed for appointment as Director of the Company by the Board in accordance with Bye-law 97 of the Bye-laws of the Company. Pursuant to Bye-law 97 of the Bye-laws of the Company, such proposed appointment of Ms. Lan Yuan as Director of the Company was subject to approval by shareholders in general meeting. The Nominating Committee of the Company had reviewed the curriculum vitae of Ms. Lan Yuan and has delivered its recommendation through the Board.

Shareholders of the Company have since approved such appointment at the Annual General Meeting of the Company held on April 17, 2023. Working Experience: March 2000 - January 2020 Credit Suisse Singapore Position: MD/Group Market Area Head for Greater China in Singapore Responsible for the building/growth of the private banking business in Greater China market covered by the sales forces from CS Singapore Branch, and supervising the staff size of over 100, including RM/ARM/Admin people.