Ming Fai International Holdings Limited announced that Mr. MA Chun Fung Horace ("Mr. MA") resigned as an independent non-executive Director, the chairman of the audit committee and a member of each of the nomination committee, the remuneration committee and the investment committee of the Company with effect from 13 December 2021 due to his other business commitments. Mr. KWONG Tony Wan Kit ("Mr. KWONG") has been appointed as an independent non-executive Director, the chairman of the audit committee and a member of each of the nomination committee, the remuneration committee and the investment committee of the Company with effect from 14 December 2021. Mr. KWONG is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. He was the vice president of finance and management information system of Wise Ally International Holdings Limited, the shares of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited, the group financial controller of Defond Holdings (H.K.) Co. Limited and the group financial controller of Valuetronics Holdings Limited, the shares of which are listed on the Main Board of the Singapore Exchange Limited.