The board of directors of Man Shun Group (Holdings) Limited announced that Mr. Lau Yu Ching has resigned as an Independent Non-executive Director and a member of each of the Nomination Committee and the Remuneration Committee and as the chairman of the Audit Committee of the Company with effect from June 14, 2024 due to his other work commitments. Mr. Lau has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company and the Stock Exchange. The Board also announced that Ms. Ngai Yuk Chun has been appointed as an Independent Non-executive Director of the Company with effect from 14 June 2024.

Ms. Ngai, aged 48, has over 20 years of experience in the accounting and auditing profession. She is currently the chief financial officer of iClick Interactive Asia Group Limited, a company listed on NASDAQ. Ms. Ngai is responsible for the management, business development, and capital market activities of the company, and she also serves as director of the group subsidiaries.

Ms. Ngai started her professional career at Ernst & Young and took senior managerial in Orange Sky Golden Harvest Group, BOE Varitronix Limited and New World Telecommunications Limited (a former subsidiary of New World Development Company Limited after obtaining her professional qualification. She served as the chief financial officer of SMI Holdings Group Limited and was responsible for management of the company and group restructuring activities during the period from August 2018 to March 2019. Ms. Ngai obtained a bachelor's degree in accountancy from the Hong Kong Polytechnic University in 1999 and an Executive MBA degree from the Chinese University of Hong Kong in 2012.

Ms. Ngai has been a member of the Hong Kong Institute of Certified Public Accountants since 2003. Ms. Ngai has entered into a letter of appointment (the "Letter of Appointment") with the Company for an initial term of service of one year commencing from 14 June 2024 which can be terminated by either party giving to the other not less than one month prior written notice. The Board also announces that subsequent to the resignation of Mr. Lau, Ms. Ngai has been appointed as a chairman of the Audit Committee and a member of the Remuneration Committee and the Nomination Committee of the Company with effect from June 14, 2024.