The board of directors of Kiddieland International Limited announces that Mr. Lo Shiu Kee Kenneth ("Mr. Kenneth Lo") resigned as an executive
Director, Chief Executive Officer, and a member of the Remuneration Committee of the Company with effect from 1 September 2023 in order to pursue other personal commitments. Following the resignation of Mr. Kenneth Lo, the Board announced that Ms. Sin Lo Siu Wai Sylvia ("Ms. Sylvia Lo"), currently an executive Director of the Company, has also been appointed as the Chief Executive Officer and a member of the Remuneration
Committee of the Company with effect from 1 September 2023. Her remuneration package, the term of service and other terms in her service agreement remain the same. Ms. Sylvia Lo, aged 48, is one of the founders of Group, an executive Director of Company and is responsible for managing all design-related works in product development from concept to final production as well as liaising with licensors to ensure smooth operation
at all stages of product development. She was appointed as a Director on 3 June 2016. She has been a director of each of Kiddieland Toy Inc., Kiddieland Toys Limited, Kiddieland Industrial Limited, W. Great Worth Limited, Guangdong Kiddieland Technology Co. Ltd., and Shenzhen Kiddieland Technology Co. Ltd. since 1999, 2001, 1998, 2001, 2022 and 2023 respectively and a director of each of Kiddieland Group Limited, Kiddieland Trading Limited and Kiddieland Manufacturing Limited since 30 May 2016. She has over 23 years of experience in the toy industry. She obtained a Bachelor of Fine Arts and a Bachelor of Architecture from Rhode Island School of Design in June 1998. She is also a director and shareholder of KLH Capital Limited, which is the controlling shareholder. Ms. Sylvia Lo is daughter of Mr. Lo Hung, chairman and executive Director, and Ms. Leung Siu Lin Esther, executive Director. She is also sister of Mr. Kenneth Lo and Ms. Lo Shiu Shan Suzanne, executive Directors. Following the resignation of Mr. Kenneth Lo, he has also ceased to be an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules (the "Authorised Representative"). Ms. Sylvia Lo, an executive Director, has been appointed as the Authorised Representative with effect from 1 September 2023.