Mayer Holdings Limited announced that Mr. Lee Kwok Leung ("Mr. Lee") has tendered his resignation as the chairman of the Board and an executive Director, which will take effect on 12 June 2024, in order to devote more time to his family and other engagements, and accordingly, shall on the same date cease to be: one of the two authorized representatives of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules" and the "Listing Rules Authorized Representative(s)", respectively);
an authorized representative of the Company for accepting on behalf of the Company service of process or notice in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (together with Listing Rules Authorized Representative(s), collectively, the "Authorized Representatives"); and the chairman of the Board's nomination committee and a member of the Board's remuneration committee. The Board announced that with effect from 12 June 2024, Dr. Ip Yun Kit ("Dr. Ip") will be appointed as an executive Director and the Board Chairman. Dr. Ip, aged 64, holds a Doctor of Management from the Southern Cross University in Australia. In 2002, Dr. Ip was appointed as a visiting professor at the City University of Macau (formerly Asia International Open University). He is a doctoral supervisor and has been supervising students conducting various research. Dr. Ip obtained the Six Sigma Master Black Belt qualification in quality management in 2003 and the international project management trainer qualification in 2008. In 2014, he was awarded the Chartered Building Engineer designation, followed by the Sustainable Development Planner designation from the UNESCO Hong Kong Association in 2018. A year later, he became a member of the Institute of Public Accountants in Melbourne, Australia. In 2020, he became a member of the International Federation of Inventors' Association in Geneva, Switzerland. The Board also announces that immediately following Mr. Lee's cessation of the positions mentioned above, Dr. Ip will be appointed as the Authorized Representatives, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 12 June 2024.