The board of directors of Pou Sheng International (Holdings) Limited announced that Mr. Liao, Yuang-Whang has resigned as an executive director and a member of the Disclosure Committee of the Company, both with effect from 4 September 2023, in order to pursue his other personal and business commitments. Further, the Board announced that Mr. Chen, Li-Chieh, the chief financial officer of the Company, has been appointed as an Executive Director and a member of the Disclosure Committee with effect from 4 September 2023. Mr. Chen, aged 48, is currently the Chief Financial Officer of the Company.

He is also a director of various subsidiaries and a supervisor of certain subsidiaries of the Company. Mr. Chen joined the Group and was in charge of the finance and taxation of Retail Business Unit in May 2020. He is also a director of certain subsidiaries and a supervisor of a subsidiary of Yue Yuen Industrial (Holdings) Limited ("Yue Yuen"), a company listed on the Stock Exchange and a controlling shareholder of the Company.

He graduated from Tamkang University, Taiwan with a Bachelor's Degree in Accounting. Prior to joining the Group, Mr. Chen worked at an international audit firm. In addition, Mr. Chen worked for Pou Chen Corporation, a company listed on the Taiwan Stock Exchange Corporation and a controlling shareholder of Yue Yuen, as the head of taxation department and head of financial department of Southern China Region during the period from February 2007 to February 2020.

He has over twenty years of extensive experience in auditing, taxation and financial management.