The board of directors of Yip's Chemical Holdings Limited announced that with effect from 1 January 2023: Mr. Yip Tsz Hin will step down from his role as the chief executive officer of the Group in order to focus on his other responsibilities within the Group and various associates of the Company, but he will remain as the deputy chairman of the Group, an executive director of the Company. Mr. Ip Kwan currently the deputy chief executive officer of the Group, an Executive Director and a member of the senior leadership team of the Group, will be re-designated as the Chief Executive Officer. Mr. Ip, aged 40, joined the Group in 2007.

He is currently the Deputy Chief Executive Officer, an Executive Director and a member of the Senior Leadership Team as well as a director of various subsidiaries of the Company. He was previously the chief corporate development officer of the Group, the co-president, the general manager of the Bauhinia Advanced Materials Group (formerly known as the Bauhinia Coatings Group) and an assistant to directors of the Group. He graduated from the London School of Economics with a Bachelor degree in Government and Economics.

Before joining the Group, he had worked in the investment banking industry for three years.