The Board of Hao Bai International (Cayman) Limited announced that Mr. Chung Yu Ching has been appointed as an executive Director of the Company with effect from 22 May 2024. Mr. Chung, aged 67, obtained his Bachelor of Law from The China University of Political Science and Law and Certificate of Estate Management from The Hong Kong Polytechnic University. Mr. Chung has over 40 years of work experience in construction and property development.

Between 1977 and 1987, he worked as a Land Inspector at the Lands Department and Assistant to the Chief Director of the Yuen Long Lands Office, responsible for land management in Yuen Long District. He has also worked as a supervisor of the General Manager Department of Henderson Land Development Co. Ltd. between 1988 and 1990.

Between 1990 and 1994, he worked as a consultant to assist Japan Golf Co. Ltd., in acquiring approximately 650,000 square meters of Chiu Keng Tsuen next to Fanling Golf Course. Mr. Chung founded E & S Consultants Services Limited in 1994 which has assisted many property developers to develop various estate projects in Hong Kong.

Mr. Chung has entered into a service agreement (the "Service Agreement") with the Company and the service agreement may be terminated by either party by written notice of not less than one month. He is subject to retirement and re-election in accordance with the Articles of Association of the Company.